I was still having to jump in on deals as a broker and handle issues that arose and all the emotions that come with it.I offered some of the residential agents if they wanted to come to commercial for a 50/50 split.

By walking away without a signed contract (even with a verbal agreement), there is less emotional commitment from the seller, and it's much more likely they'll end up backing out before a contract is signed.As for what you should bargain the price down to, I'd shoot for $10.

This is a business decision, let go of your emotions.

It sucks financially and it sucks mentally and emotionally.

Once they sign, there will be an emotional commitment on their part that will help this deal get to the finish line.

No emotions.

The seller can simply say "no" , or they can counter , emotions should stay out of the negotiation.Do people complain about "highballer" sellers ?

This may just be a deal that we want emotionally, just want to get started!

What you really need to ponder is if you can handle the extra time and emotional energy the low income can zap - chasing rent, doing the same rehab over and over, not being able to go after damages.I would do Section 8 in a heartbeat, there are more incentives to do the right thing to keep or reinstate their vouchers.

I became emotionally attached to the property (another lesson learned, don't love the property, love the INVESTMENT).