Then again, crappy housing, low resident expectations and a high rent/cost ratio are a REI's dream - lol.I think much of what makes an area "wonderful" is the perception of the people who live there.

@Patrice Boenzi I have the same perception of no excuses and keep pushing forward.

Those of us who really take pride in our work have to constantly fight against the perception that we are all lazy and incompetent. 

Our immersion in the details of crises that have arisen over the past eight centuries and in data on them has led us to conclude that the most commonly repeated and most expensive investment advice ever given in the boom just before a financial crisis stems from the perception that 'this time is different.'

Also the sq ft size of the house has discrepancy in records both in Tax records, and what the appraiser's perception of living area is. 

Most people overlook mobile home parks as an investment vehicle due to negative perceptions about the kinds of people that might live there or what they represent (poor, dirty, untrustworthy, etc).

The riskiest scenario above makes $0 and this brings out a good point about risk and our perception of it. 

You are not in control of their perceptions, you will not be in control of their reactions.

My perception is everything is insurable.

You will be surprised at how much inspectors and city officials want to be acknowledged and not simply seen as the bad guy....in most cases they are not the bad guy....but that is sometimes the perception.