My question is regarding a 3 family (former nursing home) that I am looking at that has a sprinkler system already installed with  heads all over the property and a large fire suppression system in the basement.  

The rent rates are a little suppressed in comparison to Sumner County. 

I have been extremely reluctant to invest in SoCal (first time was definitely NOT a charm!).

Where you will have to address the bubbling, etc to get full market rent, I'm with Patrick not thinking you will necessarily have to lower rent to compensate for painted-over wallpaper, so long as it looks good relative to age and condition with Victorian charm as a compensating factor.

Perceived demand - home loan applications - remains suppressed by the dearth of lending. 

Works like a charm haha 

Works like a charm!!

The Lawrenceville neighborhood reminds us of Portland 10 years ago, infused with a charming mix of brewpubs, cupcake shops, and hipsters.  

Talk is cheap - look at his credentials before investing in a mentor.The problem with Washington investors coming to Baltimore - is that they pay too much because they compare DC prices with Baltimore values.Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.Charles Parrish

Adding the tiny house into the equation, and I would guess that most guests are looking for the charm factor as opposed to location.