I could speak for hours about the psychology of owning rentals and flipping houses in Killeen.

. - Not rush i suppose, but the thought of having the first rental paid off and clear was a psychological hurdle imho.

The reason I didnt walk away immediately like some have asked is that I am new to this and felt it was a good way to try and learn the psychology of the seller.

Psychologically, the extra stip tells the seller "hey, your property is vulnerable; sell it for a good price to unload it."

Do you think it would be a valuable asset to have an experienced person who is used to dealing with showings, and understands the psychology of how to create that positive face to face contact?

Check with family & friends for interest in private money lending; it's not technically your money, but if they're already close to you then it removes a lot of the psychological barriers to lending.  

I don't know why all the car-related threads end up in Investor Psychology.

A lot of people are in your position (being in pricey places like CA, NY or HI) but the psychological hurdle of not being able to see the investment regularly can be big for some people.

Unfortunately, sometimes the more you try to rationalize and make sense to the HML regarding how riskless the deal is, the more you either make the deal 'seem' risky or the more they get 'psychologically turned off'.

I'm writing this post as a follow-up to a post I made over on the investor psychology forum about the downside, isolation and anxiety resulting from achieving wealth - and I was really grateful to see an outpouring of support and great advice (rather than insults, which I was anticipating).I said I'd write another post with the story of how I and my family got to a substantial net worth (by mom and pop standards) over the years.