@Karen Margrave I'm trying to understand what the benefit is to cut back the roof other than aesthetically alteration and removal of shed.

What have people used that has worked best from a safety standpoint, as well as an aesthetic standpoint?

Women do look at things differently than men especially the aesthetics of a space.

 Assuming the Exterior is completely dried in, the next steps to finish the project would be:Drywall or Wall Finish - a Cabin in Montana might prefer a Wood Finish instead of the Drywall we typically use in Arizona - Possibly a combination of both; I suspect Drywall would be least expensive but maybe not as Aesthetically correct.Assume an inspection is required to confirm proper Nailing of Wallboard prior to next steps - Make sure Wiring and Plumbing passed inspection prior to installing Wallboard.Tape, Texture, and Paint - If Drywall is used, not required for a Wood Wall Finish, but Wood might need to be Stained and Sealed.Flooring - Carpet, Tile, WoodMillwork - Cabinets and CountertopsElectrical Trim - Includes installation of Electrical Outlets, Switches, and Light Fixtures. 

Aesthetically, I like the the painted version but non-painted paneling doesn't show the dirt and you will never have to paint it.

Aesthetically it was a great idea and changed the flow of the house.

And this using a 203K FHA loan in the brutal market of Boston, on the east side of the Port Norfolk bay area.Facts & Numbers:2 beds & 2 baths on each of the 3 unitsPurchased for $655K @ 5% down-payment and a generous dose of 203K closing feesTaken a 30K cushion for the 203K streamlined rehabLocked in 4.25% @ 30 year interest rateAppraised at 750KThe numbers are certainly not the exquisite definition of what a ground-breaking deal stands for, but they certainly fare decently well in this seller's market where cash investors rule, the inventory is constantly challenged and most properties are getting sold for over asking price, taking advantage of the current interest rates, the Everett Casino construction, and a few other speculative but pragmatic plays.Just like most everyone else that was not raised or surrounded by real estate professionals from a young age, this deal was pretty much riddled with small mistakes here and there, from neglecting the fire department smoke and carbon detector regulations, being over-optimistic on the underwriting guidelines, underestimating the cost opportunity due to all sorts of processing delays, and you name it.Currently free from tenants, the expectation is to add value by rehabilitating the under-developed basement, adding 2nd and 3rd floor balcony decks, and a variety of practical and aesthetic fixes.

Loss of structural integrity such as leaks, and loss of aesthetics.

Bonus question: What type of aesthetic upgrades have you guys done during the turnover time that you've found increased the value and appeal of your rental, and how much cost and time has this typically added to the basic make ready process?

@Bruce Woodruff  definitely keep the stair carpet--you need to maintain the aesthetic flow with the carpeted bathroom :)