So I'm sure this has colored our perceptions a bit towards renting to S8.

@Curt DavisThanks for stating the obvious (depending on one's perception of reality) in that theft is not geographically restrictive.

"Then there are other clients who made honest claims" This is a problem of perception that investor's can't afford to have and why I keep relentlessly posting on topics of insurance.

This one wasn't a HUD but it was a comparable house in the same area with nearly the same asking price.Hopefully people's negative perceptions of HUD will keep most folks from bidding on this.

Larger complexes, IMO, will be harder to manage with respect to marketing the project, the public perception of the project, advertising and in keeping it a desireable environment.

I think perception is a big contributing factor, too.

@todd dexheimerThat  bigger commercial deals are easier to finance than smaller deals seems to be the perception, but the untold truths in most cases are the following:  1. 

The perception is that crime is much worse over there on the East side.

Plus... some how people ALWAYS have this perception that LA properties are high... and it's more of a battle... anyways...

Now even if interest rates go up in year 10 it probably means that rents  are also going up so even at a possible higher cap rate the "value" can be higher since your NOI will be higher.BUT, the main thing to realize is that cap rates are based on the market's perception of value of NOI and all cap rates are is a means of expressing that value.