Once you have that established you have a benchmark of what you're looking for and how you can grade tenant applicants. 

Purchased a 2 bdrm condo in a MidCentury Modern hi-rise that I intended to live there myself.  

FedEx has pledged $1 billion to modernize its Memphis SuperHub.

The duplex needs work in the form of a modernization rehab, it's just dated.

For me its the followingIts home and where I grew upI already have several properties in advantageous areas for short-term rentalsHotels no longer serve the needs of the modern New Orleans visitor (2+ bedrooms, Uber as an option, safer neighborhoods)There's ALWAYS something interesting to do and its one of the most must visit cities in the US given how intuitively different it is from all other US cities. 

I bought this quadplex at a 9 cap and turned it into a 9 unit modern building at a 4.5 cap.

Deed restrictions can be a struggle to change and "very rarely get updated to meet modern laws." 

Am thinking newer more modern houses for rentals,cause you get a better class of renter there,,,been to the cheap small basic rental,,been there done that!!

The Small Business Administration has numerous financial programs for small businesses. for example The 7a Loan Program is generally used to buy a business, or expand an existing businesses and the other one The 504 Loan Program which provides long-term financing used to acquire real estate or equipment for expansion or modernization.

"Modern Luxury Apartment Homes" -- WTF is that?