Something just to remember is not to kick yourself if you miss A - and definitely do not then justify to yourself overpaying for Property B because you might have missed out on Property A (base the offer on your math) and do not let your emotions get the best of you.

On the note of the "emotional side" of the transaction that is quite common not everyone is approaching the real estate transaction from the standpoint of the buyer/investor most times it is an emotional time either because of death, divorce, attachment etc.

I am grateful for Roby and for his IQ (intelligence quotient) as well as his EQ (emotional quotient).  

What would a comparable piece of land with your house on it sell for (take the emotion out of it and forget about the business application for the potential buyer.)  

Emotion of any type is badDon't get excited about deals or disappointed when they don't happen. 

If you need emotional support, tell tenant(s) you have a partner ( could be your cat, etc.) and do not try to explain.

I'm excited and keep reminding myself not to get emotional and think logical so I don't get into something that doesn't cash flow positively.

First mistake, provided a free incentive to please and secure your tenant, you should always stick to the rules, you must charge accordingly, always enforce pro-rated terms, if/as stated in your contract ease terms.I always like to say that an exception, quickly extends into the rule (As a general rule of thing, we absolutely do not bend on any rule and enforce every element (within reason))Another view is that if you are the individual, the owner, the landlord, the point of communication, it is more difficult to distance yourself from the emotional element, sometimes the emotional attachment to the asset, will shut down your business side of thinking for a brief weak moment, you must restrain from that.

The emotion is gone from the equation.  

If they've lived in the house for a while, realize that there could be an emotional attachment and be empathetic.