If you have what was your perception, did it work, was it easy to use, is it worth the money?

As our first SFR, the numbers don't look too attractive, but for a buy and hold scenario over the course of the next 5-10 years, the increased equity adds an additional incentive to buy.My question is: Is this just my perception, or could this be reality?

My general perception is that "southern" Union City (e.g. south of, say, 15th St), and further west (closer to North Bergen) is less desirable, although the border between Jersey City and Union City is nice, and east towards Manhattan (on, say, Palisades Ave) is very desirable.

Even though the cost delta between electric and oil is far less today, perception trumps reality for 95% of people; so just the words "electric heat" may affect the marketability of your units.

"fell off the boat"  : )@Bruce GardnerI think a lot of the disparity in perception of CPA value comes from 180 degree misunderstanding. 

Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

Sophisticated LPs call these sham deals. 

More sophisticated investors than me have said that duplex tenants in Indianapolis are headaches.

The best we can do is to think we understand; our perception based on our own experience and what others have told us.

Is it because whomever the (potential buyer) is dealing with (seller) may not be as traditional, or sophisticated when it comes to such a transaction.