Look up those who sit in those chairs and their resume usually includes education and professional designations.

If you go the commercial broker route I recommend pursuing your CCIM designation (http://www.ccim.com/about-ccim) which will include learning to do the same type of investment analysis as is taught in the RE MBA classes, but for a much lower cost.

I have been approached on occasion to pick up a property this way or the second lender has asked me to help find a buyer.

Check them out as they produce some great designs and are a big inspiration into my foray into real estate.

We have found a deal, but need some advice on which way to approach it.

You may also want to consult with a local REALTOR that has a Historical Home Designation, they may be able to provide you with info/resources.Greater Rochester Assoc of REALTORS may be able to refer you to someone.

Your generalized approach could work but sourcing the data would be the challenging aspect of this.

This approach isn't making me rich each month, but in 20 years, if I decide to keep, it'll be paid off and throwing off whatever the rents may be at that time.Sure, making 100k in a flip is great (and looking forward to that deal) but a few more like these and life becomes easy.I saw the benefit of having 50% ownership with finding the deal and dealing with the rehab and the partner made their 50% by letting me use their money for a year.

It is my understanding that high ceilings were designed that way for the heat in the summer.

That doesn't mean that would be the best approach for you though!