I think the analysis still holds true, but you have some emotional stuff in there also, which is hard to quantify.

I don't want to talk too much about his story because I'll get emotional and stupid both about him and the painful history of my area, but again, he has been a critical part of our operation.Do you also have or have you lost important relationships with key specialists who are aging out of the work force?

If you can make money at 75, standing your ground at 60 over 62 is throwing out 13K over emotion.

Also regarding offers no body said you have to buy the property after you have submitted So do not put too much emotions when making an offer .

What emotional or temporal obstacles did you have to overcome to purchase that first 8 unit? 

All emotion and convenience aside the numbers don't look good to me.  

Who knows he might be two months behind on his truck payment and something as small as 500 bucks would be a dreamCome true to get him out of a bad situation right now .He probably has little emotional connection to the house being it’s been a decade since he left it so some quick easy cash in his pocket would be something he didn’t have the day before .

Use the numbers as guides so you don't have to worry about being emotional about a purchase. 

Just this week I had a client convert a flip into a rental after it sat on the Oakland market for over a month at a price that would have yielded fairly low profit, and this is someone with a track record of successful flips in years past.So I guess this is neutral-to-good news if you're doing buy-and-hold and finding a way not to compete with the owner occupants bidding based on emotional appeal inspired by a reality TV show, but bad news if you're trying to be the next HGTV rockstar flipper paying MLS prices. 

Looking back, it was definitely an emotional based decision.