I think most guests are reasonable so I wonder, is this host constantly going in and changing the temperature on them, getting angry with them or setting unrealistic upper and lower limits?  

Most of my tenants have never lived off campus before and with that comes a myriad of expectations, many of which are unrealistic. 

Let's compare this to a deal we did last week: Seller had purchased in 2022 and listed the property for around 5% more than they had paid in 2022 (there are a lot of highly unrealistic/hopeful sellers like this currently who overpaid in 2022 and need to sell).

I bought that property in May of 2019 so it’s been more than a year since I’ve had it. ahh then the 100 mile rule wont apply to you at all. but you should be able to use the rental income from the conventional-financed property based on how you've filed that rental income on your schedule E.still, you can use the rental income from the other units on the purchase, so i'm not sure how your broker could tell you definitively you don't qualify without knowing what property and what rents the other tenants are paying. unless you're just suuuuper unrealistic with your purchase price vs existing income, or if your schedule E on your other house is filed at a loss. 

I haven't done a full reno since 2021 and this is a new market so wasn't sure if I was being unrealistic. 

The business operates out of the real estate (office space), but the business sellers want a certain value for the real estate that the business's cash flow is not able to support.Normally, I'd just chalk this up to unrealistic expectations on the sellers' part, but in this case, their real estate is in a prime location to be re-developed into multi-family housing, so the valuation that they're asking for is, I think, realistic.I'd like to buy the business and the real estate at the same time (makes me a more appealing buyer if I can take both off their hands), but simultaneously sell the real estate to a developer/investor at the value they're asking for and move the business to a new office location.

I normally try not to work with people like you because your expectations are unrealistic.

Unrealistic in my area for a yearly 5% increase.

Sorry for the reality check: Quitting your job and living of REI in a few years is pretty unrealistic in 2025.

My (unrealistic) goal is for this post to put this debate to rest.