,The question you ask is the source of much disagreement.Since you posted it under "Investor Psychology", I'll answer this way:The "consumer" mindset says, "be debt-free".

I don't know for some reason i find Gurus and mentors to be different to me psychologically.

I read this article this morning and figured it would resonate with many of the folks on BP:The Psychological Price of EntrepreneurshipIt explores the personalities that succeed in entrepreneurial roles and the sacrifices they make.  

I realize that sometimes the psychological needs have got to trump economic rationality, but it seems to me that this shouldn't be the case when you're just building your portfolio.

I'm not saying anyone will ever admit that, but it's simple psychology.

He knew about business, legal issues, tax issues, marketing, sales, promotion, networking, and most importantly he knew about people (psychology).The first thing he did was tell me that I have two ears and one mouth, and I should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie.Then he taught me how to set appointments was home sellers, go out to their home, and write up a letter of intent to purchase or lease.He said to me, "your job is to bring me potential home sellers will consider a creative offer."

There seems to be a real psychological aversion at play here for a lot of people.

There is a psychological block when you invest in a property thousands of miles a way, but many California investors do this ( me included) .

(Watch this FREE REI VIDEO on "The Psychology of the Seller Relationship".)

I just like to know a bit of psychology behind it.Or for BP members who have a lot of tenants, would you be able to share their reasons for renting?