I hope they simplify the process for visual peeling paint as the initial inspection and get away from the expense and hassle of wipe tests.

One deterrent I've seen from those units is rising HOA cost.

I ultimately built my private lodge and conference center on the property, which is surrounded by retired high profile former rock stars and others seeking privacy in an area in San Diego county.While on my mission to find the ideal property, I made a list of the criteria and visualized not only what it would look like but how it would be used.Early plans called for property search efforts in Santa Barbara county's Santa Ynez Valley.  

Thanks for the visual.

It will affect your return.Gross Scheduled RevenuesLess: Vacancy/Credit Loss= Gross Operating RevenueLess: Operating Expenses= Net Operating IncomeLess: Debt ServiceLess: CAPEX=CFBT (cash flow before taxes)Less: Taxes=CFAT (cash flow after taxes)In preparing an analysis, I estimate CAPEX, whether I take a percentage of the sales price, cost per SF, or judgment based upon visual inspection coupled with discussions with owners, contractors, inspectors, etc.The basic approach would be to divide your CAPEX by the number of years you plan to own the property (or months depending on your analysis). 

And while not perfect fool-proof (it doesn't prevent from being sued), it acts as a deterrent by minimizing the target and making it appealing.

And at least in my experience, vinyl siding has a definite downside visually and aesthetically.

It’s all about visualizing the space after it’s completed and seeing it all flowing.

Coming from an artist/graphic designer background I have learned that its hard for people to visualize what the finish product might look like.

People are visual and need a little help with imagination from time to time.