There is a huge psychological aspect to money. 

But while analyzing, I just want to know the psychology of the end buyer/investor on what they look for in cap rates /in that market, etc. 

market psychology has changes dramatically , under the surface high net worth individual is asking for redemptions.

Old roofs, old boilers, driveways, huge cap ex expenses that need to get taken care of.Read the Psychology of Money by Morgan House.

I understand the net profit amount would be higher if we continue to leverage and scale, but there is something to not having a mortgage on half or all of our portfolio that interests me from a psychological standpoint.

The psychological benefits include increased confidence, reduced fear, and greater certainty.Question for DiscussionHow do you approach due diligence in your investment strategy, and what tools or methods have you found most effective?

I think it is more psychological thank mathematics to have the payoff period reduced.

@Sean Pedeflous I think psychologically $25 can be a big game changer.

What will it do to you psychologically to stay in the deal vs bailing?    

The “grass is greener” psychology is strong on BP and the irony can be rich at times.