You are doing this by choice and making your kids live in a friggin’ trailer.We refused to start a family until I had a home so that our kids would know stability.I don’t think you are crazy I think you and your wife are extraordinarily selfish and completely out of touch with the psychological needs of a child.As for your refusal to utilize leverage- I believe it is indicative of a complete lack of fiscal responsibility.

My background is in psychology and I have never had to deal with this side of a business before so I really do appreciate the help. 

I know some will tell tenants that they are the manager and not the owner simply so it doesn’t seem like they are the “bad guy” and that some else says no psychology.

They kept hammering away at that number and I have begun to deduce the following...Saying it required 6 lawyers until they were blue in the face immediately places psychological barriers in the way of even EXPERIENCED guys who may be interested in giving it a go.

Anyway, they had an advertisement describing the following situationA psychology graduate student needed 50 students to come in for 1 hour, do a simple test, and they'd receive $15 for their time. 

Wordsmiths would have PhDs in Psychology, Sociology and Political Science.

These are things that help understand the psychological impact for tenants.

Now there is a philosophy of using multiple accounts to help with budgeting for psychological reasons.

First, government policy, loose money, and human psychology combined to push the home ownership rate to nearly 70% - nearly 5% higher than the "natural" rate of home ownership in the US - about 65% over the long term.Second, there was a related spike in vacancy at apartments.  

The psychology of wanting to own an investment property outright is probably blurring my thinking regarding looking at this situation purely from a cash flow/leveraging equity perspective.