The ceiling joists will not be strong enough to put additional weight on.

A mostly enclosed with plywood mudroom, but with huge gaps in the ceiling and no insulation.

I get the Bay Area is probably never going to collapse.... but Austin, Nashville, Raleigh, Atlanta--- all places guaranteed for similar if not better appreciation long term(yes, even the Bay Area has a ceiling)... while not having to spend $1,000,000 on a 4-2. 

Some aspects of the unit are nice, we have a lot of nice finishes and amenities to try and keep it a middle tier rental, but it still has a drop ceiling with tiles and flourescent lighting, short ceiling height, the bathroom is a bit small and cramped, typical small windows, the soundproofing is there but isn't perfect.

(water coming through ceiling) The owner says the tenant is required to do the maintenance.

A few months ago I was going to buy a rental property which fell through, but then an opportunity came up today where a house that my dad bid on before seeing it (bad decision to not look first, the house was completely molded on all the walls, ceiling, and floors and has some leaking roof problems.) but he got an offer accepted for a massive low ball bid (was listed for 110K but after he notified them of all the mold they accepted his new offer of 20K, bank is in a different state.)

New ceiling in carportInspector suggested some vapor barrier in the crawlspace of one building.new railing on balconiessome new appliances and water heatersNew laundry machinesAt the end of the day, I am still learning, but I am struggling to see what to do to make this thing profitable. 

Ceiling is cedar as is the window trim.

When I removed the paneling and ceiling tiles I found the walls and ceilings were Pepto-Bismol pink and the woodwork was florescent hot pink!

She has called the town about two small repairs a stain in the ceiling and replacing a light.