@Matthew Dovel Here is the link to the next meetup in Charlotte in December: https://www.biggerpockets.com/forums/521/topics/641816-multifamily-investor-nation-networkingThanks for the shout out @Chris T.!

@Kevin Uzelac If you want a long term hold, you need long term funding which will most likely be from a traditional lender.Start checking around with local lenders as well as national lenders and credit unions to see what it will take to qualify for funding for rental properties.

Side note:  New report says Santa Monica has the nation's highest rental prices ... https://la.curbed.com/2017/1/5/...

I'm not in your market but I can pull national comps to help you guys set a realistic asking price if you'd like.

Be prepared to give them good details on what exactly you want done.You know the scope of work better than me.When it comes down to thumb in the wind estimates you can find national averages for almost any type of rehab work.

Haven't looked into the federal tax credits yet but I know it is historic as it is in the national registry.Also, couldn't agree more on #3.

If you have a national lender, they probably won't care where the property is.

Also, my firm, which is a national firm, we have State and local tax specialists so we have deep resources.

FYI, my perspective is that I price this type of deal out 10 times a day with 30 of the largest national lenders.  

National tenants?