Its currently in a high-yield savings acct but I'm open to any ideas that are low risk since I'm trying to preserve my capital for the next investment.

The first will be whoever is the head of the historic district or historic preservation department.

If your goal is  a portfolio of properties, you need to preserve cash for purchase & operations. 

Your viewpoint is about preserving and moving forward in your business.

I also found out about property preservation as well.

What I found interesting is the ban on demolition of single family for transformation into multifamily, as well as a restriction on structure size increase at 15% I understand that this is to help preserve neighborhood character, but seem that it may encourage “slumlord-style” splitting of single family homes.

I feel pretty detached from the organization, since I'm not active and I don't really have any relationships there to preserve -- so I'm wondering what other options there might be within Maryland that work better for Realtors who are basically just licensed in order to do their own deals. 

I'm looking at a property that has both a barn and carport-  I would like to convert one or both to a living space and don't have concerns about preserving qualities of the barns interior structure for aesthetic reasons.  

But it was so AWESOME.I can’t wait to find another disgusting house, renovate it, help preserve our town, teach the kids more about money, and increase our cash flow. 

If the property contains a residential structure, you can also make "preservation improvements" which are basically repairs.