I would therefore get the seller to provide some actual historic numbers (T12) to right-size the expenses.

The location is ok, its a historic property with 20+ years of deferred maintenance. 

Historically this was much less, about a third.

You historically see a very stable (or slightly declining) population, but that is only one piece of information.

old thread lol....historically private placements performance are basically on par with the public REITs.... if you think about it, why would the syndications have any competitive edge?

One house in the historic district was then sold with almost a 100K profit!

Interest rates hovering in the 6%+ range are higher than you’ve come to expect from the past decade, but they’re not outrageous (or even considered that high) from a broader historical perspective.

Purchase price: $217,500 Cash invested: $40,000 Historical duplex with a bonus in-law suite.

I know Austin still has at least one of these Historic homes standing, but the actual farm areas have been turned into residential and commercial developments (long ago) and now it's a tourist attraction.

Simply choose a month and year and you can easily get results for Index rate of return with dividends reinvested.   11% for the historical average.