And it was 100% politics driven. 

I'm very interested in finding a property in the Algarve region or possibly another tourist driven area for STR and eventually living there more and more over the next 3-4 years. 

The toothless homeowner taught me so much about humanity and character as well as what people are will to do and say to keep their house. 

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Same deal on communication: extraction driven, exhausting.

By getting to know someone’s work ethic, goals, and character over time, you’ll be in a much better position to determine if they’re a good fit for a long-term collaboration.

A few posters have commented that data-driven pricing doesn’t work. 

It took me 10 years and I had the benefit of starting when RE was cheap.A business has literally the opposite character: it's primary strength is cash flow.

So common that we also have STR-PM's across the urban Twin Cities, but it's driven because of the Lakes Region, the ski resorts, etc.. 

“I do not agree that appreciation is a function of chance.Appreciation is driven by the imbalance of demand and supply.