When doing so, i am curious to know if i will be required to bring the units up to current code in regards to the firewall and fire suppression system.

Welcome to charm city, I own and manage property in the area, check out Baltimore Village.

I'm not sure if this is just because the market is suppressed or because there is an over abundance of newer apartment buildings competing for those dollars. 

The attractive design is inspired by nature which adds charm and gives a refreshing feeling to your hotel rooms.Corporate Wall CladOffice space design shapes your corporate branding and image by keeping the employees engaged.

Background:  I have a very nice, older duplex that is in a great neighborhood and has lots of charm and character - plus it's in very good condition. 

The wood is a lot of upkeep but worth the charm and guest appreciation and demand.

I would focus on the numbers first, suppress your emotions towards this opportunity, justify the investment, then talk about finding money. 

One more.... electrical was knob and tube so I had the house wired to current code as a buying condition under the premise of a potential fire hazard.My reason for purchasing the house was two-fold: my lack of funds at the time (0% down with VA) and my partiality toward the charm of the home style. 

Charming 3 bedroom ranch In process of renovations What made you interested in investing in this type of deal?

But we've owned mostly older homes -- we live in an 1890s home right now in the Old North End because we like the charm -- and I can tell you that our maintenance and capX costs are significantly higher than our new build buyer clients.