The compromise was much shallower talent pools.

As long as you never sell your 1031 is never compromised. 

We need to be smart here and find a balance of holding enough to keep reserves high and be ready to take advantage of possible opportunities in the future, but not move so much capital into hard assets that liquidity is compromised in the event of financial hardship with our portfolio.

Most multi-family properties in the area are selling WAY above asking with anywhere between 10-30 offers on each one unless they need a TON of work and those will get multiple offers by local investors.Part of your choice when house hacking as a couple is a compromise on things you mentioned: commute, comfort.

I was advised that we should show the full amounts of quotes we've received, then ask for a portion of what the total fixes are to compromise, and we may have a better chance of him reducing the price.

Otherwise, you'll need to work toward a compromise with the tenant.

I've never seen one in action though.Just a thought for you as it might be a cheap compromise for you or your tenant.Hopefully they'll find less to take issue with as they get used to their surroundings.Good luck and best wishes

So it's the compromise, but that shouldn't matter if you're getting great cash flow from your cash out projects b/c your rate of return on those deals should be way higher.  ...But as posted, there are too many factors that need to be considered - someone would need to look at your overall situation and then recommend accordingly. 

I sold my wife on househacking by making a spreadsheet showing her how quickly our equity in the property rose relatively to how slowly our out-of-pocket moved.That said, you don't want to compromise your life too much in the pursuit of financial freedom.

I'd explain it would be irrational from a business perspective to pay over what the competition offers, & they'll come up with compromises if they value your business.