Last time I visited San Clemente, my uber driver told me that he has not had a heater or an air conditioner functioning in his home for the last 16 years, and doesn't miss it, with very rare summer exceptions.If you have the money, I imagine it's a pretty good place to be.

Charleston etc. is that folks there are HIGHLY dependent on local attorneys to do their paper work/ escrow functions prep deeds etc etc. 

The function of this guide is to get the reader up to speed quickly on the neighborhoods so you can invest in neighborhoods that meet YOUR investing criteria.

This is a logical function of market forces. 

Another issue I see with older homes is the layout and functionality is tough to manipulate even during a full gut.

For example, we provide new, functional non broken blinds in every unit.

Someone who knows what they are doing has to go in and manually add those things and keywords to your website in order for you to get the full SEO and SEM functions to work right.

Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well. 

Secondly, the appraisal often notes functional obsolescence because of this and a lack of a common area.

Most do not follow it which is you can have someone assist in capital raise but it cannot be their only function - it must be less than 50%.