That is when the IRS can perceive that you are trying to take profit out ahead of a sale. 

You can even go further on to assess customer satisfaction levels to make determinations about the perceived quality of your product. 

I only look at the "perceived" cash flow for resell purposes.

I will pick a street or neighborhood that I know I want to buy a house in, then search each specific address looking to see where the owner lives, and if they are out of state I send them a letter.I will send once to twice a month to the same addresses, so as to not bombard them with what they may perceive as 'junk mail'.

If it is possible to recoup the costs of higher quality over time or charge more in rents because of the perceived value it might make sense.I would love to hear more about your experience and how long you have used this approach.

Some other big ones are dealing with the 'dream stealers' who just don't understand what it is you are doing or think you are nuts for jumping into something they perceive as abnormal.

Totally normal.Here's the thing....Higher cap rate deals are typically perceived as being high risk, which means that when you invest in a high risk deal, you want your money to come back to you faster to reduce your exposure, right?

Learn about perceived added value as it relates to problem solving.Your best investment is in your own education.

Granite is one of those things that has "perceived value" in the general public.

I think it has to do with the fact that the owner is perceived to have more money then the property manager, thus the owner should work harder.