Now equities are much more volatile in terms of business prospects and perception but even in real estate this strategy would seem to cut off your gains while still giving you the risks of ownership.

My perception of out of state/country property management seems as though you will be taken advantage of for the littlest things like changing a light bulb.

My perception of out of state/country property management seems as though you will be taken advantage of for the littlest things like changing a light bulb.

I underestimated the perception locals have on areas and am looking for creative ways I can use the property short of me moving in.

I'll put the link here.https://www.biggerpockets.com/blogs/9232/55313-intro-to-section-8---your-perceptions-vs-my-realities

Well, that's a bit difficult to quantify as a lot of it has to do with political scoring and public perception. 

For now we still conduct 99% of our day-to-day transactions in fiat currency (dollars), so much like in the 30's we had gold-backed paper bank notes, we currently have fiat-backed cryptocurrencies, in terms of public perception.

@Joseph Eversman I grew up in those areas and lived in Morgantown WV and Pittsburgh through much of my 20s and 30s....my perception is that most of the areas you mentioned (south of Pittsburgh) have little appreciation (and risk of depreciation), so if your goal is long term appreciation, those markets probably won't perform very well. ....either way, you'll probably want to look into the relevant market data on appreciation, jobs, population, etc. to make sure......if you're willing to go as far south as WV, I'd suggest checking out Morgantown, or going north to Pittsburgh.

I think what screws up the perception is when people include either MFR or SMFR.

Perception is reality and if you, like many of the posters on this thread, believe that larger multifamily deals are harder then your mindset is going to prevent you from executing.