BP is a social site and an internet business, I'm here everyday just trying to shine a little light on the dark sides of real estate, I'll say too there is a lot of cognitive bias on the part of readers being told what they don't want to hear, it's a public forum so be very careful who you listen to.Learn real estate before trying to deal in real estate.

Dive in negotiations and positional bargaining, cognitive biases, understanding your negotiation partner, their interests, and both of your 'BATNA's. 

Cognitive Dissonance

Investing is not just a cognitive activity it is a physical activity.

There is something to be said for the quality of fire lit under your a$$ when operating without a Plan B.I also concurrently believe that many people who do not allow for the possibility of failure in their lives are suffering from a cognitive dissonance and when they do fail, the failure breaks their minds and they rarely fully heal in the broken places.I believe consistently successful people have a dark and secretive cynical part of themselves that knows when they're cheering themselves on in a limited way to complete a difficult task and when they're lying to themselves.

There should also be strong legal protections for people with weak cognitive abilities, as well as elderly, just as we would want to protect children from predators.

I'd be willing to be that the average BP user has a much higher baseline need for cognition than average, but in general I think scratching that mental itch focusing questions that are both knowable and important yields better outcomes and sadly, I think your questions strikes out on both those criteria. 

Maybe we should just re-title this thread to "Ignorant Sellers and Their Cheap Cognitive Dissonance" :)

You have already identified that you are low on a few critical resources: cash, experience, network and education.Resources that most young people do have are: Time, energy, and cognitive capacity (you can adapt and learn.)

I listened to the $1,000 series of "Doctor Cashflow" CDs, including the very last CD, which he hypes quite a lot in the first 5 CDs, and which purports to tell you HOW to approach the nonprofits who do the housing referrals for cognitively disabled adults.