Her place is between the Historic downtown that's touristy and the new casino resort.  

From a historical perspective I think some very creative attempts will be tried and history says some will be successful.

Rents tend to follow prices, so you can use the appreciation rate if you don't have historical rental data.

And per your last sentence, I am assuming you are saying that current rates are still historically low.

Least importantly in my opinion is price appreciation historically CA has appreciated a bit faster than other parts of the country, but that is not guaranteed.

Neighborhoods I've been looking into are all east of I-95, and south of Okeechobee Blvd. with the exception of Old Northwood Historic District which is east of I-95 between approx 28th--39th street. 

I believe it's still a good market to invest in since historically it's always had a high number of tourism. 

Like you, I have an appreciation for historical homes.

Hi Patrick,In regard to the expenses, you'll need to get your hands on the historical profit and loss statements and base your projected expenses on those.

Contact the utility provider and get an historical average based on the last year of use.