No amount of rationalization is going to change that.

With the fed’s balance sheet up to 27 trillion, there has to come a time where rationality will kick in to prevent us from ending up like Zimbabwe.

They are emotional buyers looking to buy their "home", and will do a lot of rationalizing to make sense of their "investment". 

That doesn't make it right, it just makes it rational. 2.

I know I have to fight the tendency to justify investments by this rational so I’m not blaming anyone.  

It helps me to make rational decisions vs. building hatred, anger and not wanting to deal with tenant problems.The first thing I did was I sent every tenant a letter telling them how I was the new building owner.

To make a conservative assumption, I'd plug in 50-60% expense ration due to the deferred maintenance and the small size of the park.

In my experience most tenants are rational and those few that are not, are not worth the stress, I move on and try to pick better tenants next time.

Don't waste your time trying to explain or rationalize your goals to them.

WOW I have heard it all.People too damn lazy and trying to justify it with the rationalization that they spend too much time in line at the grocery store and in the kitchen.