Due to county permits, the property being in a historic district, and delays on specific materials required by the historic board this job has been ongoing for the past 3-4 months.

A local realtor has a house in the historical district and before they put it on the MLS they offered it to me for 80K.

This particular build is part of a historic site, only because of the reason it was built for the Braniff Airlines company.

“historical district”..

I would look historically what they have been using and charge them a flat rate based off that. 

A historical opportunity.

They need to see the rent roll, profit and loss, and historical financials to determine their interest.

Rates are historically low and rising.You should be able to get a HELOC (home equity line of credit) down the road when you have substantial equity in the property, if not from the same bank, one of their competitors.Take the cheap long term money first.One girl's opinionStephanie 

Location question is still hard to reconcile though...How did you decide on the places you chose to invest in Hi Maria, I had a few places in mind from a place of historic cashflow/legal environment/physical hazards/price point/economic outlook.

If you are investing in an area that historically has seen appreciation and will likely appreciate in the future, 1% is a good standard.