Overall the real estate investments are a diversification and capital preservation strategy for me.

I've seen a lot of very supportive folks who work for Historic Preservation, either a department or a commission, or maybe a couple planners assigned to that kind of work.You may know all this already, but if it's in an historic district, you may need their oversight when replacing windows.

This is what I mean:House 1: 0.57acre, mostly level lot (very uncommon in my area), no neighbor to left (land is unbuildable), no home directly across, end of cul-de-sac, lake view, backs up to nature preserve, holding pond borders lot, utility easement (grass, not a dirt road) across the front and along side of property, limited to 2 car garage and driveway, sunken basement (no walkout option), plumbing rough-ins in basement.

We tried to preserve the historical aspects when possible.Pictures of our property on take over: No landscaping, brick exterior in excellent condition, but no curb appeal. 

In contrast, many compliant providers charge a very reasonable initial fee, followed by low annual annual maintenance fees to preserve the tax-favored status of your plan.

Owners who can share their primary residence—including up to two additional units in the building that they own and in which they live—but cannot share their home for more than 60 nights when they are not on site and must apply for a permit with the Division of Housing Preservation.

Some investors may start with a desire for more income and later transition to a focus on wealth preservation or philanthropy.

Here is some helpful info from the NYC dept. of housing preservation & development regarding making a legal basement.

It got so bad at one point I just had to stop fronting them any money and just put them in touch with vendors or property preservation companies that billed them direct and some of them got shafted too.   

We replaced it within about 6 hours and preserved the stay.