It was a purely emotional argument though - nothing "legal".In your case, the best way to defeat this is to make it expensive.

I want to diversify out of my purely stock investment allocation - but I don't want the hassles of buying a business.

It is purely business. 

I don't disagree with you, but even if we hypothetically don't care about racism when picking a GC and want to make it a "pure business decision," it's a horrible business practice to run off at the mouth about it unsolicited as that guy did.

On a pure rental, your basis starts at the price you pay, plus purchase related costs.

The difference is pure profit in my pocket, and it would be crazy to give that up by offering highest and best to start.

Looking at this from a purely business perspective it makes sense to do this, but since it would be your personal home...

Bill Gulley   your description of the deal is pure fantasy or wishful thinking .. at least on the west coast never going to happen...

Avoid the pure marketer and find the guys who are boots on the ground in the local market.

It is just out of curiosity and pure speculation.