@Chase KimbrellLenders look at your debt to income ration (DTI).

They end up rationalizing a bad deal into a good one, because the date circled on the calendar is fast approaching.

Then you will be counting your losses as losses.Get out while you can, move into the next round of investing, recover your losses from this deal in future ones, and more profit beyond that....and please, don't rationalize this deal still can <fill in the blank here with all kinds of rationalizations>. 

Real estate, to serve my purpose, is a business decision and should be considered that way - unemotionally, rationally. 

The is a ration of NOI to annual loan payment.

@Ray Johnson - Thanks for the warning on credit cards...definitely didnt think about the DTI ration impact on the exit.

Self-help books and others tools that help you communicate effectively should be on your study list.Focus on action but do not expect the other side to act rationally even when you believe you have a superior solution.

Don't let the excitement of get this property overcome your rational senses if/when the seller counters.

When looking at the numbers you can use rationalization to fool yourself but you can’t trick the deal!

This will start to develop a rapport and as long as you are perceived as a good and rational potential buyer they may start sending a few things your way.It can be a long process to establish yourself but it's well worth it.