You'll want to know how their draw process works if you're planning to have the lender fund your rehab, and the max percentage to ARV they will lend.Also, ask others in your market how the lender is perceived and if they've worked with them before.

I will never put laminate in again as the perceived value of granite is higher, and the durability factor is incredible.

I specifically try to put myself in situations where a seller's perceived value of the property is far lower than the actual market value.

The "numbers working" (high rents, low expenses) is a product of a variety of factors, but it all boils down to perceived risk.

But like you said this could also be perceived the other way.  

Commercial development is a risky business but the best developers in the space, despite being perceived as risk takers, are constantly assessing and managing their risk as a project gets developed.

Even with comments and words people say to us our minds can perceive them differently.

You get the pointWhen you come across something you perceive as a good dealYou cannot assess the value of the property and therefore price you should offer without knowing the state of it.

I know I am perceived to drive a hard bargain.

But I would imagine that the syndicators' reputation would take a hit if they are perceived as stealing other people's investors.