And depending on the conditions, would we want them to happen (from a larger societal perspective)?

Here's a RE broker's perspective:  I get plenty of investors wanting to invest in Iowa all days of the week, but I'm not worried about trying to get out of state investors to invest. 

For added perspective, Philadelphia's true class A neighborhoods trade for more than $250K per door so there's no shot you are buying true Class A or Class B buildings with your budget.

At the very least, I think it's important to get their perspective on what needs to be done to get the property up to speed.  

Let's go over some examples and show me where you think the buyer is harmed:My opinion/perspective: The buyer has really been paying for the buyer agent commission all along.

It helped me learn more about your perspectives.

From a lender's perspective there is a risk of mechanic's liens being filed up to 4.5 months (in Texas) after they have been on site. 

But I get it from the company perspective I am sure they make quite a bit of money on their turn downs.. and  its a good way to filter the folks that think they can do it and have a plan with those that can actually execute.

We do things in our flips that are probably "more than necessary", but she does it from a design perspective.  

Look at it from the average consumers perspective.