Welcome, Blane Sounds like that flip was a tough but valuable lesson ARV on paper and real world perception often don’t line up, and curb appeal really does matter more than we expect.

Perception & PricingHomes priced slightly below market sometimes get less attention because buyers assume something’s wrong.Pricing at or just above market can actually attract more serious buyers—especially if photos and staging scream “desirable neighborhood home.”4.

If you just patch over damp material, that’s when mold can grow later.That said, from a landlord/owner standpoint, you also have to think about liability and perception.

I would want to see average household incomes north of $75k/yr to support that rental level and leave people space to eat.d) my perception of a small, cheaply built house in a marginal area is you won't see much appreciation, using you $200k new construction example. 

Older owners perception of current labor costs.

@Jorge Vazquez data is always better than "educated guesses".But, perception is often more powerful than reality:(

I've learned that any deviation from the written contract creates the perception that everything's negotiable or just a "guideline".  

What is the market perception of your property and the area? 

Perception is Multi Family cash flows better than single family...not always the case.

Area / perception risk.