In a great location with consistent historical appreciation, neutral or even negative cashflow is perfectly acceptable IMO.

Investing is different from speculating, in that it’s data driven and therefor predictable and you have factors that play in that covers your downside and strengthen your chance of upside. 

Hello Robyn,Is the building in a historic district or considered a landmark?

In my market there are 2 reasons that keeping is smart.  1) the historical long term appreciation is on going, going back to when records started tracking the appreciation 2) the property tax is near fixed cost.  

I am wondering how much expected weather of an area impacts your decision to invest in a specific area.Recently looked at Census data which shows that people are predominantly moving to Florida and Texas.

Sullivan shares data on America’s Affordable Housing Crisis.

Census Bureau data to measure changes in remote work across 109 metro areas between 2014 and 2023.

What is your expected appreciation and what is the data to back that up (e.g. how confident are you in you answer)?

Historically industries have been killing competitors in this way.

Contact the utility provider and get a historical average based on the last year of use.