Specifically in the city where there's some historic value to lots of the homes.

I wrote a blog recently about how Appreciation has historically compared by region and then zoomed into my market in Santa Cruz County.

Not recommended to use now common 5% vacancy factor (historically 10% minimum) on anything but Class A.

Granted the loans were for $100k but Historically 6% is cheap money.  

Purchase price: $3,275,000 Cash invested: $1,185,000 Six story, 47 unit mixed-use historic hotel-conversion property located in heart of downtown Sioux Falls, South Dakota What made you interested in investing in this type of deal?

It is not as much as investing for appreciation as much as what the location historically offers.

So it really depends on the appraiser...but historically, they'll call out the smallest of things (chipping paint on a hand rail, etc.).

However, I don't want to lose sight of appreciation and would prefer to do deals in markets that have shown strong historical appreciate over the last 5-10 years.

If you are working with a Realtor, they should have plenty of insight into the historical tax records but if there are specific laws in your jurisdiction regarding taxation for investment property you will definately need to research it.

Charleston is a step up from savannah economically, historically and its larger.