Long story short- there is a historic (1870’s) home that a nearby city in Wisconsin needs moved to make room for a library parking lot expansion.

As a reminder for any other readers, the 50% rule applies to gross rents and accounts for all expenses like management fees, taxes, insurance, vacancy, maintenance, Capex, utilities, water, legal, yard, etc..You should only use the 50% rule for a quick analysis and a true historical picture of expenses on a property is preferred.

From the historical data, new peak price is always higher than the previous peak price.

Historically on a broad basis for multifamily over many decades rent growth is about 1 to 2%, opex 50%, and vacancy 10%.

.- Proposed 250 unit seven story development is currently planned to be built in the heart of historic 4th Ave. [5]$137 Million UofA Honors College Complex-Described by UofA as being a "campus within a campus."

thank you the next one in Charleston I will post is our first venture into the historic district were the rules and regs are quite stiff and the homes are museum grade.. you know horse drawn carriages gas light lamps very cool..

So buying real estate by buying the LLC that owns it exposes you to historical issues. 

I know that in Washington DC Condos have been historically great over the last 10 years.  

This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back.

I’m looking to buy a 2 family in Schenectady NY that is in fair condition, 203k it to good condition, and owner occupy it while renting the bottom floor for a year or two then hold onto it and rent both units.This area is historically not the nicest (in fact there are some ghetto areas) but a lot of money is being put back in throughout the area and his has brought serious investors back.