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Updated almost 7 years ago,
Advice for buying property in a historic district
Good Evening all, I am currently on the hunt for my first buy and hold rental property. I came across what I think is an awesome side by side duplex, 3 bed one bath 1500 SF per unit. The home was built in 1900 and is in a historic district. From my own math it looks like I would clear minimum $600 per month cash flow and possibly up o $1000 per month if I were to hit a grand slam on the deal. The house does need some work mostly on the interior. It currently has a metal roof and I am uncertain of the condition currently. Looking for some advice on dealing with historic properties. What are some hurdles I may face? Will the not allow vinyl replacement windows and things of that nature? Thanks.
Mike