I am trying to avoid deadly mistake #1 emotionally loving a property before I crunch the numbers.

When you visit their home, you can begin to connect with them emotionally and find the main reason they are trying to sell and offer a solution to that.

Most importantly, don't let emotions get involved since this will influence you to skew your numbers.  

This was a great experience as I was prepared to negotiate and didn't let any emotions affect my final offer.Hopefully this helps.Also, I have active contracts out on flooded property; 1 in particular is located in good area in Denham.

When you work six days and take the seventh off, your physical, spiritual, emotional, mental and even your financial health will greatly improve – and so will your success rate.

Not emotionally invested by any means.

It can cause emotional distress.

I see a lot of owners are emotionally disposed to hold on to their home as a renter but it's normally not the best use of your capital

My advice would be, always look at your numbers first and foremost; try not to get emotionally tied up in any property if you're investing in it.

You might put more value in financial and your wife is thinking emotionally for the happiness of the family etc.In future years on an ARM if you see that rates are rising past the threshold of the ARM then you might want to refinance for a long term fixed rate at that time if you want to keep the property long term.