Historically, a medieval European craftsman first served an apprenticeship under a single master, and then passed a test and received papers from his craft guild that named him a journeyman, someone allowed to travel and work under a variety of masters to better learn his craft.

You make all valid points, David and I appreciate your idea on a historical study. 

Fairmount Historic District is really cool too!

It is located in a very popular historic district where SFR has shot up 30-40% in the last few years. 

Progress Residential (parent company Pretium) seems to be taking the lead on pushing rent rates to historic highs in Vegas. 

If so, look for a place to buy in an area that is historically appreciating.

Historically Coastal CA has outstanding long term cash flow. 

Have you googled them or asked others how they did historically?

First - obviously the first step would be to bring in a good Contractor, preferably one that has some historic renovation experience.

Population growth, employment, wage growth, supply, etc. all have been following the same 5-year rolling historical average, so why the big jump in prices and rent this year?