Life is fascinating and one's mind can get warped into that nihilistic philosophy and yes life can be perceived as that at times (perception isn't always reality though). 

It partially depends on where the house is and the local perception of termites, in Southern CA for example it is basically a given that every house has termites it is just a question of how many and how much damage they've done. 

I saw a land of opportunity in LA... but my perception may differ from reality.From your prospective as a local, is there a lot of opportunity for an entrepreneurial "hustler"???

The models most students use are rudimentary at best, but the assumptions and perception of risk is simply not there for me to feel comfortable putting my money with them.

Adopting securities disclosures to an exempt transaction simply pulls the perception of your loan is being treated with security implications.The more you put in writing the more you have to address when you don't follow the norm or follow usual and customary methods.You should discuss loss aspects, truthfully verbally with anyone you deal with.Any full disclosure would be 200 pages long of "what ifs", don't go there in writing.These disclosures dreamt up by gurus and others is nothing more than eye wash to give a false sense of security to the person giving the disclosure, as if it gives cover to doing something questionable.

Your entire perception of my messages were wrong.

The reality is the bigger pockets perception of maximum leverage (95%, 90%, even 85% LTV) the debt service and PMI kills any potential for cashflows in our low cap market. 5%+ Cash on cash is not possible with this much leverage and anyone who tells you it is, is doing their math wrong.

The primary reason I credit the fee back to their first months rent is to support a perception that i'm NOT a greedy landlord, a perception many tenants have in the SF Bay area.

This is is the same common phenomenon that leads most Americans to lease cars and carry credit card debt from month to month: a perception emerged that if the bank quoted you an initial monthly payment that was possible for you, you should take the loan.When foreclosure came, it came after a long period where rates were raised on the loanholder and the prices of the property dropped, so that the homeowners were "upside-down" on their mortgage.

You'd be amazed at what double ending the commission will do to their perception of the quality of your offer.