There is also a huge psychological benefit to being debt free.  

As my forum thread - the Real Life of a Real Estate Investor (here's the LINK) is quite helpful to BP Nation, I was wondering if starting another forum thread - "Real Life of a Private Lender" will be equally helpful.I can see the benefits this will provide to the BP Community are as follows:1) BP members will understand how a private lender thinks (psychology of lending money and what lenders regard as "risks")2) BP members will see why some deals get funded and some deals don't get funded (is it a DEAL or NO DEAL?)

Great book even though some situations Chris talks about seems either do or die, I definitely think the psychological breakdown Chris talks about is great information.

This is an important first step as all real estate investing will flow from your ability to manage your own assets and your own psychology.

I also enjoy hiking, swimming, playing nerdy board games, and anything psychology related.Oh, yea...

Feeling good about the proximity is only a psychological factor.

So even if I tried to line everything out in a 10-page document, the odds of it being of great help to anyone are low because every scenario and the psychology needed is going to be different.

It's more of a nonverbal/psychological tactic, but can be very powerful. 

@Martin SterlingReally enjoyed this one, not specifically about notes, but owner financing is a big topic, and goes into the psychology of the investor: Investing in Fixer-Uppers - Jay Decima

@Brigham LewisMy belief is that college is virtually useless unless you’re going into something like medicine, technology (debatable), engineering or architecture, accounting, that kind of thing, or if your end goal requires an advanced degree (my degree is in psychology bc I wanted to do counseling, which requires at least a masters - I had kids and never went back, and got into real estate instead).