The point is, the decision to buy a home, particularly a historic home or a luxury home, is often times dictated as much by emotion as it is logic.

If you have a great deal with tons of demand you can start dictating the terms and tell a lender/partner to pound sand because they are out of line from the other deals you have. 

As Bob Bowling said, the market dictate cap rates, and 1-4 unit properties are not based on cap rates.All that said it looks like you got a very good deal.

@Ryan MullinHere's an alternative idea:You need to let the buyer dictate the terms of the inspection.  

That selection dictated the color for the cabinets, tile floors, back splash, etc.

Income - Monthly income dictates the size of the loan payments you can manage on a monthly basis.C.

Jeff, it has nothing to do with the institution but the specific retirement plan which is dictated by the specific employer.I gave an example in my post above.  

But when you say x amount of commercial space the current setup and what's already in there can dictate the price per sq ft.

Not making the tenant responsible for maintenance and repairs (yes, there are legal ways to do this despite what your state's landlord tenant law dictates)5.

I've listened to about 30-40 podcasts so far (in the order that they appear in "The Ultimate Beginners Guide to Real Estate Investing " - which I read twice) and am now basically dictating detailed notes into Microsoft OneNote as I hear helpful quotes or suggestions on the podcasts.