Then even if you can do a condo conversion you must make sure of all of your soft cost such as architectural design, civil and structural engineering, permit cost and know something about how the property would be appraised for property tax.

The dishtowel hamper is a must have in the kitchen as it neatly keeps the towels that need replacement at one place, away from the sight of the eyes.

@Christopher TellesYou are looking at about $5,000 per bathroom which would include labor and materials (demo of the old bath, new tub, new diverter and trim kit, new vanity with granite or cultured marble top, new sink faucet, new toilet, new tile surround, new tile floor, and lastly a towel / shower rod).

You see there is times to be tough and times you can be soft, but YOU need to choose the time.  

The contractor will determine scope of repairs (structural and infrastructure plus feasibility) and total costs (hard and soft) given your specs.  

The paint is not as hard as the tub surface, it's actually pretty soft.  

There will also be additional costs unrelated to construction of the buildings: landscaping, architecture, permit soft costs, land prep. 

All these guys out here gathering info for years on end before they buy something could have learned a ton if they just quit being soft and pull a trigger.

Having wood siding allows for vapor transfer so theoretically you can do what I’m saying, but it’s not the most cost effective.You would also have to consider what insulation and vapor barrier’s already exist.My last thought would be to try to figure out how soft some of the framing got behind the wood rot.

The only thing the soft rate increase does is prolong your losses.