Any BP folks here experts in The FAN / Museum Districts?

[Liz Ridgway]

Looking for my next primary residence with an investor's eye in case we move away and convert to a rental. Since I have a spouse who is not interested in live-in flips, I will be looking at already renovated properties or cosmetic fixers.

We have no timeline so I am trying to get into as many homes during this Seller's market to educate myself on all of the variables involved with a historic home. Due to the high desirability of The FAN and Museum districts, I do not expect to find a 'deal' (but if you just happen to have one laying around, I am all ears!). I am more focused on which blocks to avoid, any lessons learned with your personal renovations or transactions, and what I would need to consider for a rental. 

The proximity to VCU is a bonus for minimizing vacancy risk. As a primary residence, we would likely still rent out at least one bedroom if there is a market for that, student or otherwise. Have always rented to pet owners for a premium in the past. Are families attracted to rent in this area? 

Would love any insight you natives and market experts can provide. Thanks so much!

[Kevin C.]

Happy to chat as well. We live in the Fan in our primary residence and have a rental in Maymont. Love the area. I disagree that you can't find cash flowing deals, and honestly if you plan it to be your primary residence you get the benefit of incredible interest rates while you house hack!