I would avoid some of the close-in areas that have been historically inexpensive but are starting to get trendy like Globeville and Commerce City just due to the industrial pollution in those areas however.

Yes there is, 2%-2,5% per year depending on the built date.There are some special forms of depreciation for historic monuments.

@Justin Thorpe Historically was have struggled in Idaho from a perceived cost of living approach.  

Looking at the US history and historical policy is really all you need to look at to understand how things have become the way they are.

After restoration, we got the property registered on the national historic registry.

We just Got under contract for a beautiful building with a ton of historic features, and instead on coming in and completely gutting out the units, we want to work around these classic features, while providing modern touch and feel; mainly the woodwork around the unit (beautiful floors,trim, doors and kitchen cabinets that I don’t want to touch much).

@Eric KullingHomes in the Encanto Historic District sell for 500k-700k.

It doesn’t sound too unrealistic for historic homes in Downtown/Central Phoenix if you are bringing on a GC. $50/sq.ft. is very low for a full remodel on these historic homes unless you are able to sub out all the work yourself.

The Star rating can be made up of an average across 5 ratings:1) How consistently they have made their committed reoccurring payments on time to LPs over Time.2) Overall historical track record3) How well they have communicated with their LPs4) How well and degree of integrity that they do their underwriting5) How well they manage the property or manage the manager of the propertyI think it is important that all the inputs into the star rating are applicable to all companies no matter how long they have been in business.In addition to reading what others have to say about various Sponsors it would also be great if we had a way to quickly get a list of Sponsors that users of the system can filtered by:1) Number of years in business2) Number of deal cycles (purchase through sale of property)3) Number of units owned under current company4) Offer Pref rate or not5) Min Investment required6) Target multiple over time.

Historically I can't think of a single scenario where this hasn't gotten away from a government (drastically) and became a catalyst for hyperinflation.