Most of my 1920's flips bring $100k in profit, but only after a year long slog to bring it to modern standards, while preserving the old character.They're not much more difficult than a 1950's house. 

If the building has a heritage designation, or you simply wish to preserve the elaborate external trim or dentil or internal mouldings, these things are time consuming and skill sets to restore them, uncommon. 

Direct lenders are straight to the source, which may result in lower fees, will speed up the processing time to close, and preserve your credit score with simply 1 source pulling that information.

If by “taking control” you mean there is property preservation company with a lock box and stickers on the window.....this is SOP for vacant properties in default.

From my general research on zoning concepts, it appears that rezoning requires opening up the dialog of what the city has planned or what they want to preserve in your area.

This is the best business to build/grow legacy wealthy while preserving capital as a unbelievable tax shelter.

These are ideal for investors who already have the net worth they need, and are looking to: reduce management hassles, preserve their equity, and not pay taxes on an exchange.

For 99% it's a vehicle to preserve, grow and get solid cash flow from wealth made elsewhere. :)all the best!

Preserve the capital you have, invest conservatively and be realistic.

Are you purley buying this for capital preservation or as vehicle that you banking on will appreciate?