There is a test, and it might vary slightly state to state, but it really depends on the intention of the parties, the nature of the agreement, and how it impacts the property's value.

The land, zoning, waste disposal system, in ground oil tank, elevations, liabilities, encumbrances, lot size, setbacks, and other issues that may have impact on an investment decision and any value add opportunities or lack of. 

Compare that to Providence, with 5500 hotel rooms, 1700 of which are within walking distance of their arena.This has a direct impact on the City not being eligible to host NCAA and major conference sporting events.The data in this article is mind-boggling.

On the other hand, I would use a BLOC in the name of my business for deductible financing, that won't clutter up and impact my personal FICO score.

Long story short I disagree with the appraisers value of the home and will place rebuttal however that appraiser also completely messed up rental values so the DSCR has really impacted what I was expecting to get out of the property.

Not only can who you work with impact your bottom line tax-wise, but you want to make sure you work with a reputable firm. 

Otherwise, if your cleaner feels stressed about talking compensation with you, feels under paid, or otherwise feels stressed about the relationship, it's going to impact your revenue in terms of reviews, and likewise cause you to have to replace them soon.

I'll echo what Stephen said, insurance makes things tricky as well as the high interest rates impacting the rest of the country, but if you get a good enough deal you can maybe make it work.

However, in hot real estate markets with 10% plus annual appreciation rates, the impact can be significant.

If these are retail buyers looking for a second home, the HOA often has less impact on the sales prices.