You'll have to reduce the price and in the end, the list high/ make me move pricing strategy nets sellers less due to buyer psychology.- Sounds like you are looking to justify a higher value then what the property is worth in the market in order to break even.- Regarding cash on cash return, take into account principal pay down as well as the tax benefits from depreciation for a complete analysis.

I know this book isn't a Real Estate Book, but I think it helps greatly with the Psychological change that you need to have to leave the J.O.B. and go for it on your own."

@Kerry Baird wish I knew 😂 The interesting Psychology is with a Cash-Out refi I can see the temptation to hurry up and put that money to work, potentially purchase something that really isn't a deal since you begin paying interest immediately on the new loan amount.

If you wiki psychological pricing, you'll discover what retailers use and why.

@Giovanni Isaksen, Excellent point on the psychological aspect of the downturn.

@Ed McIverI have extensive experience on the seller side of what you're experiencing, please PM me if you'd like to discuss in deeper detail some of the processes and psychology of the situation. 

They just went even higher....I think a lot of it had a  psychological angle...people were feeling so trapped and panicked that they needed some release, and since everyone had tons of money sitting in their house...why not?

What I'm getting at is that while a previous eviction is a red flag, sometimes there are psychological undertones that drove the tenant to such a position that are no longer present.If you're looking to possibly rent to someone with such a past, there really is nothing wrong with that.

Getting an offer in right before a price drop sometimes helps take some psychological pressure off the Seller: they're already emotionally prepped by their agent (if their agent is doing his/her job) that a price drop is coming in a couple of days. 

Like those that buy an underperforming business and turn it around.To Darius’ point, assuming we can even assume the financing, I know in one sense, they are not completely free of that financing for a while till we could sell it, but perhaps it would be psychologically freeing that they don’t have to worry about managing it from across the country.Question, what would be another solution?