I write about leadership, teambuilding, safety issues, emotional intelligence and networking among many other subjects.

It happened for a reason, so I'm just going to make sure it doesnt "cost" me, meaning, if I use it as a reason/motivation to earn an extra $25K, it was $25K I wouldnt have made if it never happened, so it didnt cost me anything, including psychologically or emotionally.  

Especially in estate transactions that is often done by releasing the amounts of offers to people with emotional attachments and possibly partial interest in the property.You might have done little more than help some of the heirs set the price they will have to pay to the other heirs to get the property.Also if an agent says to the seller...

They used all of the tactics (emotional appeal, cheap suits, bad cologne) to reel us in and guess what, I was hooked!

I have realized that as a sales agent we are taught to leave the emotion at the door when you are looking to investment but sometimes it is difficult especially when you are going to lose money/ time in a deal you want to make go through. 

Hi Rebecca,Knowing this is just a 2 or 3 year gig to then turn it into a rental property and move into something else I personally feel like emotion should be taken out of the equation completely and only numbers should be considered.

I let my emotions get in the way.

The GSI(Gross Scheduled Income) has two possible values:the actual rents (eg your 5 occupied units)a proforma value, (what the fair market value would be).It is common to use the proforma gsi for planning, and assumes the current vacancy is a temporary issue.Utilities go into the expenses and if you have common metering (not separate per unit), that's all you can do - - unless you wrap rent+1/6(utilities) and pass the value on to the tenants.  

I turn 30 this year and recognized that while I do important, life-saving work I make a pittance compared to my talents, skills, abilities, and frankly -- desires.I own a home in south Belleville, which was an emotion purchase based on the needs of my family member.  

But, how much did they overspend because their emotions got involved with what is a business transaction, and they over rehabbed, or didn't make the ARV target because they didn't know how to get a decent ARV estimate and their RE agent just showed them a typical CMA report from the MLS?