The neighbrhood is a historically Italian community of SFH, and without being overly stereotypical, the lawns are all mowed, there are gardens and window boxes and American flags on every little house - pride of ownership.

The company I work for manages approx. 100 sfr and small multi-units in the Whittier area (mostly along the 605), and expenses for our units (including common area maintenance, regular maintenance, turnovers, and cap ex) have historically averaged around 40% of rental income.

Waggoner Ranch in north Texas, representatives of the sale announced Tuesday.The historic property, considered the largest U.S. ranch behind one fence, had been on the market for 18 months at an asking price of $725 million.Terms of the potential sale were not disclosed, according to a news release from Perry Street Communications, a Dallas consulting firm."

Another thing I think is very important is learning what homes sold for 10, 20, 30 years ago as well as what rental rates have been historically and where they are now (Side note is that I'm working on doing this and haven't found a really good way to find this data yet).

We were given the opportunity to purchase a defaulted 1st Lien Non-Performing note/mortgage on a 2 story, historic building in Ohio City, less than two miles from the Rock & Roll Hall of Fame & the Cleveland Browns Stadium. 

When we look at the amortization table and possible appreciation rate of 2% (historically our area is about 3.5%), we can see a few things. 

Loading historical data in is something your accountant should be able to do very easily.  

I wanted to know if there is a lot of red tape involved in remodeling since it is a historical neighborhood.Thanks,

However the statement in the post Socal is not favorable for long term buy and hold returns is HISTORICALLY incorrect.

I have three comparables on the same street of the same historic nature (much higher value too) and other figures in the industry agree with my comparables including the cooperating agent.