My guess is he was getting into the moonshine during his last post ;)@Ty Cover “Rich people analyze reward poor people analysie risk” - T.

Unique character: Older buildings often have unique character and charm that can be preserved during the conversion process.Return on Investment: This is a broad-stroke statement, but the NOI on conversion will almost always beat a built for purpose on paper.

If your tenants are excellent in every way, then you may consider keeping the rent around 5% below market as a reward or enticement, but I don't recommend much lower than that. 

Wholesaling is all about charm and perception people have of you.When my competitors wholesale (or try to wholesale) sellers hate them/it.When we do it, we get invited to dinners, parties, cookouts, you name it.It has very little to do with location.

I love preserving the 100 yr old charm of a house while also modernizing it.

@Jian Lin More Than Cashflow: The Real Risks & Risks & Rewards of Profitable Real Estate Investing by Julie Broad.

It can be very rewarding and beneficial but you need to know what your doing as you can loose a ton of money fast. 

A lot of the cottages in northern Michigan are charming but rustic.

You can act to change and control your life; and the procedure, the process, is its own reward.”​— Amelia Earhart

Maybe higher risk.. but eventually you'll get some reward?