He was shocked, and as one can surmise from the fact that his original listing price was 35% over what it was appraised at (so seller is probably not being rational about his overpriced property), that he flipped out.

My logical and rational mind tells me that I do need to let this go and move on.To answer @Brit F. above, we can't really move right now because a lot of the money we had to invest is tied into the property we ended up buying and doing ground-up on.

For a rational player to buy a home, it must be superior to other alternatives. 

I have a great credit score and dti ration is great as well but the 3 banks I have filed applicatons with are telling me they can't help me due to the age.

I follow this market very closely...got 1 house and now in contract for another...median house prices near the university is about 150K.So I am quite puzzled what is the rational behind buying these portfolios for 3 times the value of the houses themselves...there is obviously an advantage to buying an established portfolio with built in economies of scale...and I assume a company who is capable of getting this kind of portfolio know what they do...but 3 times more?

Hello! I have been hunting for the last 6 months for my first duplex to house hack. I have more than enough for an FHA but want to save 20% for a downpayment ideally. Looking at how overpriced the Tacoma duplex market...

The PM would rationally favor the buyer, assuming they are continuing as a client.  

They make the all to common mistake of looking at a large return, making the bet, then rationalizing the decision. 

A third of the building has what I would call a unified office of about 3,500 sq. feet with several rooms and a rational layout; this was leased out at $900 per month when I took possession of the building and they stayed for a couple of years.

If you want good advice you have to give good information to build a rational for the advice.