Historically rental rates have climbed with minimum wage rates.Extremely unlikely overall real estate will be effected as minimum wage earners don't/rarely buy homes.

The rates have been at historic lows for nearly a decade.In December, that changed when the Federal Reserve began to raise interest rates gradually.

I'm calling the city tomorrow to question permits (there's some speculation it might be a historical building and therefore stringent to stricter rebuild guidelines.)  

The mortgage rates have been historically low for quite a while now so there's no guarantee they'll still be this low in 2017/2018.  

This home is listed on the National Register of Historic Places.

Then pull up city data and see where the trend is going to head in the next 10-30 years if you plan to hold.If you are buying to live in, then make sure you can afford the payments and the price is historically low for that area.

If they start describing things that require time travel, like the rental income from the new property appearing on your historic personal tax returns, that's a pretty good indication that they are not REI friendly. 

Ucla researchers say LA is about 50% into historical bull market.

.- Interest rate is at historical low, so low that the only way to go is up.

If it were me, I would require a yearly subscription, to even out the revenue stream, but it could also be done on a true monthly basis with a higher charge for those who don't want to pay for the whole year.Even if the marketplace doesn't have historical data on its own, they should be able to gather the purported historical performance from the sponsor, and verify that in some way.