Investor Psychology is one of my favorite topics.

You can pretty much imagine the psychology of the owner of that building.

I don't ask for this, it's just sort of a psychological effect of them having 'senior' status. 

He knew about business, legal issues, tax issues, marketing, sales, promotion, networking, and most importantly he knew about people (psychology).The first thing he did was tell me that I have two ears and one mouth, and I should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie.Then he taught me how to set appointments with home sellers, go out to their home, and write up a "letter of intent to purchase or lease".He said to me, "your job is to bring me potential home sellers who will consider a creative offer."

It's a W2 job plus you get to learn a little bit of tenant psychology.

Investors are misreading the psychology if they think that having my own personal cash in a deal is going to cause their investment to perform any differently.  

Emotionally and psychologically, I'm yearning for the time when my rentals will 'make it rain' every month :)  I'm just impatient.

The long-term math behind the invest/pay off mortgage decision, historically speaking, says that investing the difference makes you better off about 2/3 of the time.That said, there's a very strong psychological bias we have called loss aversion.

He does that for psychological reasons, he is a math geek and understands the math very well.  

Dr's notes that say an animal is a "companion" for someone's psychological reasons....