I stopped goofing off.I am a freaking NASA robotics scientist, I have 5 friggin University degrees, and not in psychology, drama or business (sorry all you easy-way-to-get-a-degree folks out there ^_^ (kidding... or AM I..)...

You'll hear wholesalers try to justify the bigger bucks, nine ways to the moon, but it's a psychological issue doing so, not business, not fair dealing, not the real estate business.

HOWEVER, this RARELY occurred.I tried to analyze it on a psychological basis.

There are going to be plenty of potential sellers that don't sell because they don't want to trade 3.5% for 7%, regardless of the actual impact - the psychology of it is too disturbing to a lot of people.

@David Cheng I have a lot of clients in Washington State looking into the Boise market because our price points are generally lower and our rental rates are increasing with the natural migration and local tach companies moving in, expanding. the market here has been aggressively rising over the last 4 years to a point where the rebound has had quite the psychological affect on seller's and listing agents. something to consider.

I'm interested to see what some other, more experienced REI say about this concept.I have always been a DIY guy. I built my own house - literally, built my own house, contracting out just a few parts of the job - and ...

Go for it Arnie, you never know what you might find.This deal may have something fishy, however, investor behavior and psychology is imperfect, and lots of valuable deals pass by because of some of the reasons that you mentioned. 

I understand all the psychology of  spin the wheel and choose the prize behind the door, but real estate isn't a game show.

Recessions are an inevitable result of fractional reserve banking and human psychology.

If you're the type that pays various handymen to fix things as you go and never really cares to learn how a building or a house operates, what it needs as periodic maintenance, what its weak and strong points are -- fixing old properties can easily turn into Whac-a-Mole and cost three or four times what it should.On the people side: after doing this for long enough, I've come to understand that not everyone is psychologically cut out to be a landlord and deal with tenants all day long.