At first, managing 1 property wouldnt be a full second job so i'm confident i could balance You can rationalize it all you want, you're losing money. 

So the risk/reward ration is different compared to residential. 

Hoping to hear some opinions on this deal to even out my thoughts and assist me in acting rationally and seeing all angles.23u multifamily property, ~40y old, good condition, well maintained.1.9m asking price, awaiting comps.

I notice the key difference is the platform used to make the booking, most people using cellphones/tablets to make their reservations use Airbnb, when they are using their computer the ration is more like 55/45.

What could be rational behind increasing the opening bid.

They are priced in a rational way (based on NOI) and the market is a lot more stable , the lending in more easy to get and based on the buildings metrics, etc sometimes its hard to find that size building and a 4 plex would be ok too.... just be sure it is selling based on NOI, and not comps.... i also suggest you start reading about commercial lending, the financial metrics of MFH etc.

I’m not sure if it’s rational though Thanks for your advice Ed!

So when someone reads a post or a thread in which he/she has yet to participate, it is not rational for them to think that anything in said post/thread was directed specifically at him/her, but that doesn't mean that this reader cannot learn from what is being discussed.No matter what you may think, say, or do Bill, I'm not on my own. 

Otherwise, a rational Seller would seek a higher sale price.  

While appraisers and banks may not use cap rate and prefer the comparable sales approach there is no rational reason for doing so.