We're caught between large portfolios that were built two generations ago and the alumni of a large development company headquartered here that enjoy having a building or two here while they make their money elsewhere.It seems there is a lot of emotional cash parking here and/or very long term plays.I'd love any insights on lazy inefficient markets.

Just be sure to buy based on numbers and not emotion.

Leave emotions out of it. 

Think logically and non-emotionally before doing anything.

People no longer have the skills to discuss a matter when they have differences with one another, and instead of healthy discussion it deteriorates quickly into heated emotion.  

We are here for investors who are not local, investors with large portfolios, investors who don't have time to vet and coordinate and manage vendors, investors who don't have the knowledge or systems to consistently screen tenants within Fair Housing, investors who are too emotionally triggered by lease violations or sob stories why the rent isn't paid, for accidental landlords, etc etc etc.For those who are local and have a small enough portfolio to handle it themselves, I think it's a great experience and makes you a smarter investor in the long run.

Never get emotional about it and never let your eagerness to grow and be successful override your criteria.Just my take.

In the future suggest you put some emotional distance between you and your tenants... let them live their lives.  

It is financially and morally irresponsible, not to mention emotionally damaging.

Part of it is exposure and professional marketing, but it’s also because sellers almost always have an emotional attachment to their properties and think they’re worth more than comps actually support.