Rationalization is the most expensive word in the English dictionary...and suicide for real estate investors.  

The whole neighborhood made a killing and we rationalized that they were not illegal because since they were encased they were not smokable.

Inform them of your rational on the decisions that you make on their requests.

You have to rationalize things to make it so.  

As a landlord, I would likely give you some pro-ration for the consideration but it is not mandatory.  

@Long Khang We like to see CAP 8%+, Cash on cash 12%+ and Debt coverage ration 1.6%+Paul

The other issue is getting anywhere near the 1% rule on class A here is getting harder and harder making it difficult to rationalize the risk.

If investment property is your angle, people from all over the country would kill for the rent : price rations we see here in Cleveland.

If you can get them to be more rational and help you sell it to the seller, you'll be in better shape.Also, I hate that saying that if you aren't embarrassed you offered too much... frankly, I'm not out to maximize my return to the last penny...

My thought now with the cash out refi is not only does it help give me the cash for a downpayment on another property but also will lower my rate and payment going forward on the current rental property....and also mainly lower my debt/income ration in the process.