Gathering and verifying all the needed documentation, coordinating additions to insurance, changeovers of utilities or service contracts,etc. and even getting all of the owner's basic info is sometimes a real pain!

Closing can be a real pain.

Dealing with banks on REOs is painful.

I suggest you start looking at the various articles and threads about bird-dogging that can be found here:http://www.biggerpockets.com/investing-guide/I also recommend you go to our investor psychology category and look at the various threads there.

It is a number on a computer screen and not much more.It might be worth your time but it certainly will be a rather painful experience most of the time.

A bit of a pain when it come to timeline but considered almost legally required in some markets.John Corey

On the settlement statement the psychology in my mind was seeing it as a bill.I had calculated it and been looking at each number individually on my sheets as closing cost, $ from savings, and $ from HELOC.

Granted the seller might mess up the deal or otherwise be a pain if they find they got into a deal they did not expect.

What was different was hearing this guy, who’s glass is not just half-full but always overflowing, talk about having to endure another 2 + years of pain before things turn.

land dev can be very painfully slow depending on what part of the country you are in.