In Oregon for instance one city ban's nightly rentals  No Air BnB  you must have a permit to do this and they only give out a small hand full.This also illustrates clearly that when you buy rentals that are going to be section 8 your property is what it is and will never really go anywhere as for good bad or indifferent you are on the face lower the perception and reality of the area... so when you look at what's happened in the last 20 years were rental business has exploded into mom and pops you have whole sections of towns and cities that will go through and have gone through exactly what this article describes.The only time this reverses is if like this property its a big complex and the owners have the right to do this... or if its SFR in an area of a city that is regentrifing @Ben Leybovich  watching the move Thomas Crown Affair when I was on the stair master and the lead female ( Rene Russo) character was born and raised in Lima Ohio... how random is that.

I will say that experience has definitely made me more perceptive and acute to things and makes my radar go up quicker when I am involved in helping people.

I would imagine this could also help "justify" any perception (on paper) of selling a house for a "very good deal"  ?

sounds like your pretty green... based on your question and expectations.I have owned multiple brokerges and brokers/agents are all humans.. they all have strengths and weakness.Or your perceptions of those.. 

But it is more perception than not.

You don't just have to rehab real estate, you have to change perceptions of an area, and not just socio-economic perceptions, but the racial ones too, because, sad and as unfortunate as it may be, in Milwaukee race is identified with crime and 'sketchiness,' and property values reflect this in a very strong way.I was also just reading a real estate book by Brian Murray (he was on two of the podcasts, don't remember which), where he talks about 'buying on the line.'

 (2) for East Chicago, I see the drawback as being perception of area for financing.  

Subsequently I have seen how perception influences how people treat you.

They think that WE don't know THEIR perceptions of how things should be and therefore if we only knew we would become one of them.

My issue is that exaggerating the perception of difficulty with certain aspects is not necessary.