But it is usually more of a psychological hurdle than anything. 

It's probably just psychology @Jay Helms, but knowing friends/family in a different context other than investing/business is difficult for me because of that relationship where money and investing isn't talked about as much.

The primary advantage for most is the psychological security that comes with believing it will better protect your assets.

Plus, stuff happens...move, marriage, divorce, kids, can't management, don't want to manage...and you want the property to support your life decisions.We psychologically inflate the value of things that we already own over items we don't own...it's called the endowment effect. 

Psychologically they will likely not want to sign it unless they REALLY want to keep staying. 

I personally am huge with Freedom to Choose-https://freedomtochooseproject.org/We go into California prisons and work directly with the inmates, teaching them spiritual psychology principles that help them see their own worth, help with forgiveness, anger management, making them generally happier, etc.

can't quote him verbatim, but he was saying that that the capitalisation rate in a given market is essentially what that market is "psychologically prepared" to accept as a rate of return on investment.  

"Psychologically affected" property disclosure exceptions.

I read at least 50 books from topics ranging from real estate to psychology and autobiographies of successful entrepreneurs.

The tough thing about investment is getting past the psychology of past investment.