This would help to limit your emotions because your money is on the line.

That lack of understanding can really take you down when one is dying to sell and the other is emotionally attached and wants to hold.

You sound a little like you are emotionally attached to the place and in business you had better not get that way.

So, its obvious that he has emotion wrapped up into this home.

So the longer it's been out there, generally the more willing the seller will work on price with you.BEST OF LUCK and I REALLY hope this transaction works out GREAT for you and is a happy experience.If it doesnt, walk, please, think with your head not your emotions...

People are emotional creatures, and creating a soft fluffy environment where they feel safe and secure following you in this transaction is key.Some people's brains will work like yours and some will work the opposite of yours.

People base their decisions on emotions then later justify their decision based on logic.

This business can be an emotional roller coaster, so just make sure you don't invest to much attachment to any deal.

There are a lot of people who are very emotional who have posted in the topic.

Honestly it might take you 2 years just to get over the emotional part of REI if something goes bad. you said you had a friend that does it full time. maybe what he is not telling you is how he got started. not everyone has 200k to start with heck even if you put that into a money market account you can get 4% interest. thats not bad.