Just carefully read the above story.Your desire for your first rental to be a huge success is understandable, but it is also just a psychological desire that doesn't correspond well to your overall success.Buy right, work hard, persist in the face of adversity.

The Sky is Falling on the Emperor,...and his new clothes".There is a psychological explanation for this.

Forum psychology is interesting; I too have been on many for years and seen it all!

.- Aim for at least 7000 - 10,000 calls before you outsource to a VA(Virtual Assistant) to familiarize yourself with the No's, the curses, the call drops, negotiation, basic seller psychology, etc.

They are prescribed an ESA for a mental/psychological disability.

Like @Carrie said...You need to be able to handle the "Psychology" of the investment.

Even the psychology of dealing with such folks takes a bit or experience, initially, they may appear to be motivated sellers, they usually take on other attitudes or personas after the initial contact.

Now with that said, mortgages can impact a seller psychologically as a seller often times thinks their house is worth more than the mortgage.....but that is in their head only.

I actually listened to one last week, #77, Michael Q, good psychology in there. :)

A little educational background on myself, I'm an undergrad student majoring in psychology with a minor in marketing and also a Champions School of Real Estate student.