A lot of that is the neighborhood "charm," but for as long as I've lived there (7 yrs), the market for small multi-family has been popping.

Seeing as how I have friends and family on Section 8 I cannot agree with the mold that you're encompassing this group in Sid Leibowitz But I do agree that this will potentially be a bad investment, especially since I'd have to put a lot of rehab money into it and had not planned on treating it as a mobile home flip.

Did all the work ourselves, new roof, updated electrical/plumbing, ripped out all of the plaster and lath (built in 1925), but tried to keep that old charm at the same time.Purchase Price: 25kReno cost: 20kSold for 85KHolding: 4kRealtor fees: 5kProfit: 31k 

While a general investor might just tear out the drafty/single-pane windows, a historic buyer is going to be majorly charmed by old windows with rehung weights.

What a charming town.

Matthews has it's own charm and Ballantyne is just a super nice area. 

Basically if you own quality property in the Bay Area you should always lean towards keeping it, and work with your equity for new acquisitions. 5 buildings later that approach has worked like a charm for me :) So well, in fact, that I don't want more RE at this point. 

It's always amazing to me how so many property owners use the blanket term "managing my property" to encompass everything associated with their property. 

I find it a charming town & I believe I would like to rent it out long term for a year or so, then move in when I retire.  

Can anyone suggest a general contractor or appraiser who is experienced with rehabbing older homes near the charming downtown area of Prescott, AZ?