It is a totally different ballgame to buy investment properties (based on dollars) vs a home (based more on emotion and what the bank will lend you).

He made some great points about not getting emotionally attached to real estate.  

I think you would have a better chance of purchasing below market if you concentrated on regular sellers since there is some desperation or emotion involved.

For more complicated reasons, selling is a very difficult and emotional proposition.

This feels more like you have an emotional connection to the house.

., managing a property remotely (even managing the property manager), then that is in my opinion a business, albeit a part-time business.That is not comparable to buying every month into a Vanguard ETF that tracks the S&P 500 and then just having the emotional intelligence not to sell when the market drops - doing that will earn you 7% long-term with no work.

Get your emotions under control, there is no room for sympathy in business.

Establishing emotional boundaries with tenants is important.I am pretty leary of applicants making big plans for my property.

People are so excited to move into their first home but once they realize the neighborhood is not as glamorous as they saw it through their emotional lenses when they first bought it, they set a goal to find a move-up home where they end up living for a longer period of time. 

Don't get emotionally attached.