It's in a great location, one block from the water in a small historic town that's 30 minutes from Ocean City, Maryland.

For example, could I theoretically set a metric that, since the S&P500 historically returns 7% adjusted for inflation, an IRR > 7% indicates that it’s likely preferable to invest in said property rather than the S&P 500?

Does anybody know where I might be able to find more historical data? 

They're moving closer to the historical average but are still well below it. 

Historically houses appreciate at an average of over 3% per year.

I build a little narrative about the not-yet updated pink bathroom being from the Space era, have some historical photos of the Shuttle, launches, and so forth. 

What section of a real estate contract would be used to list whether a property designated as a historic landmark has actual improvement restrictions on it, as opposed to just listing it as a historic property? 

Real estate is historically very profitable.

Cap rates are pretty compressed right now, historically speaking, so most of us right now are underwriting with some expansion in mind.

Investment Info:

Small multi-family (2-4 units) fix & flip investment in Madison.

Purchase price: $900,000

Cash invested: $200,000

Won an award from the City of Madison, WI for interior/exterior ...