Does anyone have any experience with restoring older spanish-style revival homes and a cost effective yet aesthetic conforming way?

. - Power was out for an extended amount of time which caused the sump pump to back up and flood the basement about 6-10 inches but it appears that Fannie Mae went in and cleaned everything up after getting the power restored.

It would cost probably ~15-20K to do what we hoped to do to restore the front wrap-around porch and new front entryway that opens into the hall instead of LR.

Yesterday, I read about a Rehabilitation Tax Credit that provides what appears to be a 10% tax credit for restoration and rehabilitation costs do properties built prior to 1936 or a 20% credit foe those that are certified historic structures - such as on some sort o historic registry.I have a rental home built in 1920.  

I currently live in Germany, but I'm originally from Schenectady, NY, and also lived in the San Francisco Bay Area for quite a few years, among other places.Soon I'd like to come back to the States and buy, restore, and hold a small multifamily (2- to 4-plex), living in one of the units and renting out the other(s).I'm not committed to a location, but areas I'm considering (where I have some ties) include:- NY Capital District (Schenectady, Albany, Troy, Saratoga) - New Orleans, LA - Austin, TX - Denver, CO- Bay Area, CA Some of these (Bay Area, Denver, Austin) are probably much too competitive/expensive to be realistic, and I'm definitely open to other livable, growing cities as well. 

@Marci Stein Do the HOA fees include daily massages, chef prepared meals, a personal trainer, dry cleaning??

I noticed that some of the urban areas have decent parts of town where the community is being restored.

Clearly PG&E comes at some point to restore power to the neighborhood.

The black light fixture and the track lighting was from the ReStore. 

He traded that for a water well drilling business later on, and soon added a Remodeling and Victorian Restoration component, a Heating and Air component and a Plumbing component.