See some honest potential in updating it, I have a good eye for good, clean, economic design.

Even the local police called me to confirm I wasn't scamming this person. 

Still working on the outcome of a more efficient home with lower utility bills and design-friendly with minimal stairs.

I have an opportunity with a 2/1 pocket listing with an ask of $489k (sellers paid $350k in 2020) - how should I confirm estimated long term rental income in Historic Kenwood?

For me, historical homes are very popular and I grew up learning everything about the owners, neighbors, design, etc.

This is great for high income earners because normally the added income will be taxed at your marginal tax rate.With that said, real estate investing won't likely decrease your taxable income unless you or your spouse were designated as a real estate professional.

You might want to check with your zoning or planning department for the design guideline for set back and all other stuff. 

Based on your current principal balance of $109,001.01 the property must appraise at approximately $167,694 to reach the required 65% LTVRegardless of when the account originated (even if it was less than two years ago), it may be eligible for PMI cancellation if (1) substantial improvements have been made to the property that have increased its value, (2) the LTV has reached 65% of the property’s current value, and the LTV is confirmed by an appraisal that is ordered, and directly received, by Home Point and that is completed after the relevant improvements have been made.

The septic system is designed by number of bedrooms, not toilets.

Mortgages are fixed RatesWhat this means is that a Line of Credit is NOT designed to be a permanent financing solution.