@Jason Guenther Not sure of what is available in your market, but I downsized from a large Victorian mansion to a duplex 5 years ago.

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breakeven while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Cash invested: $500,000 Sale price: $1,049,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

Purchase price: $700,000 Cash invested: $100,000 Sale price: $849,995 Contributors: Jess Haas Remodeled, condoized & sold the existing Victorian duplex to breka even while making a large profit on construction a new DADU / SFH w/ rooftop deck in the backyard.

I don't anticipate needing any capital repairs in the 3 months between purchase and January as the units are in good condition and rentable now.It is also a possibility to do a HML rehab loan as the house does need about 15 windows (houses in this area are all old victorians built in 1800's), this would only require 10% down.

A Queen Ann Victorian has best tri-potential, but will be a choppy-choppy layout so many interior wall moves to be done.

I own a victorian house that was fully gut renovated/modernized 18 years ago.

Purchase price: $240,000 Cash invested: $180,000 Sale price: $789,000 3 Story Victorian build in 1900

There is also a large Victorian Home in the historic district (in city limits) that would be a possibility because it's more space and closer to Downtown but still a desirable neighborhood.