Yet you've postulate the things you've stated.Your statements also reveal that your understanding of the psychological scars and stresses of poverty is similarly limited.

From managing the finances, hiring out contractors for work, to the psychology of keeping tenants happy and paying on time.

But I do think it's an easier pill to swallow, psychologically, if they can see that along with the higher rent, at least the new owner is improving the place and (presumably) going to be response to maintenance and maybe even unit improvement requests.If you are looking to upgrade the units strategically, one by one, then I would target specific units for higher rent increases and hope those tenants move out.

If you have a strong mindset as a strong foundation, you can learn anything you need to.So, I would recommend jumping on to the Starting Out and Investor Psychology forums - they have a lot of good stuff there.  

I haven't researched a business plan for developing a cohousing community or anything but it would be interesting to learn more and potentially partner with other investors on such a project down the road, if nothing else just for the sake of doing something a little more interesting and psychologically rewarding than traditional REI.

He got his masters in Psychology 5 months ago but is having issues finding a job.

I am thinking investing in Kansa City and Indianapolis, however, the local market (NNJ) cooldown is causing significant psychological barrier for me. 

I have a similar psychology on investing and if I can do it on my own I will, I like the control, less strings and I am still learning at this phase and if I’m 100% I get to see 100% of the process.

That is pretty much what I thought and quite honestly When I posted I forgot the difference in psychology between live and online auctions!

Based on what I read in business and psychology literature.