I am considering investing in a triplex which is completely occupied and will cover all expenses, have a little left over to apply to extra mortgage payments and satisfy all rations.

I think we all know the rational and often times, quite irrational fears people have about ANY sort of mold in houses.

You just have to find another "farm" for MFH where the pricing is rational and learn that market.

If so, a good agent will try to get their client to realize that and change their attitude.Sure, the agent is being selfish to a degree...but a rational buyer/seller would probably appreciate it (and often does in retrospect).

Now, focusing back on the rationalization of it being better for the County to sell all the properties to one bidder, I do not buy it.

But if you keep asking questions, and compare your options logically and rationally, the answers you seek will become clear to you.

People do not separate animal instinct from rational decision making, and that's where the issues happen.

Again, you are not dealing with a typical, rational seller when you are dealing with a bank.  

In my mind, at that leverage point you have the same risks as if were an equity investor, but your returns are capped as if you were a lender, so was difficult for me to rationalize the purchase.

Example:Poker:  Losing hand, but you keep adding to the PotREI:  Losing Property, but you rationalize it's a good one...and keep losing money (negative cashflow) on it.Results:  Either way (game), you won't be in the "game" very long.You can always get your money back.