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!