Most of all, don't get emotionally worked up (easier said than done, of course), but pragmatically evaluate your options.

Well, technically it was a "back on market" that I bid 15% below and the seller emotionally gave in to.

Try to keep emotions in check, and stick to the math.  

If you only want to sell to the tenant and not the best buyer, then it is an emotional instead of business decision and in that case, just pick a random number you both like.Just my 2 cents and good luck in whatever you decide.

If it's over the price of what you want to pay, don't get emotionally attached -- just walk away and look for the next deal.

I would also say to keep looking at it as an investment, many times I see first time investors and they kind of get emotionally tied to a project.  

You seem to be on your way.With Thoughts (definite plans) + Emotion (energy) + Faith (belief in yourself) + Action all things are possible! 

You know the rest of the story.Don't let excitement or any other emotion blind you to the truth.Just sayin'

I️ think my emotions are getting the best of me and I️ would value some words of wisdom.I’m under contract for a 5 unit multifamily in my home town. 4000 sq ft, 1 bed/bath units with covered parking for 4 and an enclosed garage for #5.Monthly rent is $2,550Purchase price 225,000Initial contract was as is but we negotiated to add an inspection contingency.

These deals aren't emotions.