It does depend on if we are talking about something turn of the 20th century, or a much newer place.  

Sponsors for these types of investments also should not take all of your money even if you were willing to invest all of it.What strikes me as very odd behavior is seeing people hoard money and try to cherry pick the deal of the century instead of placing smaller (but still big) bets in very good deals.

When Ben Bernanke debases the currency (which was a death penalty capital offense in the 19th century), he is creating digital dollars at the speed of light without any distilled work to support the new dollars.

The events that led up to the last one were once in a Century type events.So how I wrap that back into this TK thread is simply the environment that led to the GFC and how investors bought property and how they are buying them today is very different.Pre 08 it was all the rage to use a HML to put the TK buyer into title then do a rate and term refi with many folks not only getting into the deals with no money down but cash back at close..

As you suggested, I like the charm, and we plan on furnishing it with a 50's mid-century feel as well.There are some repairs that need to be done first, and we'll hold off on too may more upgrades until we have stayed there a couple times.The main house, however, will get bit more TLC up front.

I condo-ed it a century later.

Maybe I'll poke my head around PS also, I'm a sucker for those mid-century modern properties. 

You see, the watermelon paint underneath was not actually paint, it was calcimine, a mix of chalk dust and glue that hasn't been used to quickly cover sooty interior areas in the USA since the 19th century, but make it through the 20th in Greece for cheap applications by con artists.

Hi @Jeff JohnsonJames Rainwater CPA rainwatercpa.com Real Estate Investor CPA and Tax Advisor in Maryland.If you would like to take advantage of the 21st-century technological advancements, I can help as well :)

Let's be real... as much as the government wants to make lead paint disappear tomorrow, there's absolutely no way to make it go away tomorrow, next year, next decade, or maybe even in the next century.