The emotional is irrational and based upon feelings. 

Because I was able to muster a reasonable response to irrational behavior.

They cannot keep going up in a straight line.So many times they are correcting downwards erasing all divident gains.As for FI "funds", they go down with IR rates up.But Non-Traded REITs, or Funds, are basically portfolios of properties that are not being traded.If held till maturity, or till project end - most of the capital remains preserved.

But it has to be a rational fear...irrational fear is "false emotions appearing real".

The big boys will do irrational things the average investor will gain nothing from.

As one famous investor once said (I'm paraphrasing): The market can stay irrational longer than I can stay solvent."

It's no different then stock market  investing, bull markets attract more frenzied investment and create their own momentum: "irrational exuberance" and "frothy markets". 

The city even ordered the owner to do an impossible, irrational thing -- to restore the one-bedroom units to their original two-bedroom configuration -- which would have required ripping out walls, kitchens, and bathrooms, and displacing all the tenants, at a huge cost that would actually reduce the future rental income.

That was $2400. 2600 seems quite irrational.

Plus BP put him up on a pod cast which created a ton of business for them as you know there can be an irrational exuberance about anyone who has done a BP pod cast myself included :)So fast forward to those that bought and it turns out.. the ground partner has gotten a cease and desist from the state and a revocation of his license and you know that's hard to do.. those that wish to post on BP which is probably a small fraction of those that even know this site exist and a small fraction of the people affected and willing to post they got a bum deal.. the feedback is.1. houses where they paid for rehab rehab never done.2. being told by morris their house is rented getting rent checks.. upon physical examination of said asset house is not occupied and has not been.. so just fronting rent on non exisitant tenants.. ( again what other local PM's have said when they are contacted by Morris buyers who are feed up.)