My philosophy is I can't fix it if I don't know about it..  

I also wrote a post on what questions to ask a deal sponsor:https://www.biggerpockets.com/member-blogs/10850/76728-questions-to-ask-a-syndicatorAside from that, it is also important to build the relationship with a syndicator to understand their philosophy, their plans and strategy to ensure it is in alignment with your personal plans.

Hang around other successful real estate investors to absorb their philosophies, attitude, mission,belief etc and read the books

@Michael Smith no long term rentals there myself, but my philosophy has been to weight the total projected costs, along with the time factor.

Leon, I do like your answer, especially "commit to owning it for that period of time with no regrets" statement and will likely incorporate it into our philosophy in the future.

So don't get discouraged from one persons philosophy.

@Aaron S.Seriously, I would make and have made suboptimal financial decisions for happiness; everybody has a different philosophy that's mine.  

My 6 bedroom in forest beach was purchased for 850k, put 400k into it, appraised for 2.7m & will do over 275k in 2023.Here's my HHI STR page on my site that will dive a little further into my philosophies of how to be successful with STR's on HHI. https://www.findhiltonheadreal...Would be happy to hop on a call to discuss  further.Cheers!

Would you lend $100,000 to a 17-year-old college kid studying philosophy if they had the option to declare bankruptcy?

I agree with the "Just Do It" philosophy, guess sometimes in life you just gotta act, learn, and adjust as you go as long as you did every everything under your control from the start to protect and hedge your investment.