@Chris McDonald - I wrote a blog that will help you. https://www.biggerpockets.com/blogs/9232/55313-intro-to-section-8---your-perceptions-vs-my-realities

If it is metes and bounds (ie feet and inch measurements along with direction vectors), then you would measure it yourself either in person with a measuring tape, more sophisticated equipment like lasers, or just draw out the measurements approximately on paper or a computer and see approximately where things stand.

It is the perception of an investors risk of that submarket or neighborhood. 

I would say though that in a civil court the perception is what matters.

Some very sophisticated investors understand, too, that it's this point in the market when it's really best to 1031, not at the very top, like most people think.For what it's worth, I sold my entire $25mm portfolio last year.  

Creating my own HOA sounds like a sophisticated move.

The struggles of over-sophisticating house ownership are many. 

Of course in reality this is not always true but it’s a perception that exist.

But I know the tenant perception can sometimes be that "local is better".  

It is the same cost to the tenant, but the perception is that they are getting less for their money for the $2150.