Add steel to main beam in basement to help carry new weight, frame new interior and exterior walls, new roof trusses, new roof, siding, windows, all the finishes.Other things to consider: where are stairs going in first floor, if none are already present, are there any zoning issues with additional height, can sewer system support any additional beds/baths, etc.

Also I am buying blank checks and printing them myself with magnetic laser ink, so I can from my computer print the right check for the right entity from the right bank account without having to store many checkbooks. 

In 13 years of the biz I've never seen a house jacked up from the basement and steel beams ran through from the beginning to the end of the property.

@Jerryll Noorden when someone is doing a site, laser focused on being of value, how much "value connection" is being made by a sites (a) visual aspects vs (b) CONTENT aspects. 

Started with removing two interior walls and replacing them with above ceiling beams to create one main common living area that encompassed the kitchen, dining and living rooms.

@Bryan Beam @Mike Shemp @Corey Crooks @Brian BuchananI lived on the OBX from 1997-2011.

@Chad Barron try Phil Scolieri and Matt Beam from the Scolieri law group. 

If it’s a pier and beam house you need to put a hardibacker or cement board of sorts down before you use vinyl.

@Dustin Beam - what you describe as your method for determining capex seems to be the "right" way from what I am reading (although the % seems like a much easier way to come up with a number, I think a more formal spreadsheet would be much more accurate)  I just wanted to verify - this method essentially takes every big ticket item and assumes it will at some point need replacing?

But they can't go to your 10 investors and take their homes, nor could they take yours (with exceptions...particularly if you were found to be personally responsible, such as if you were seen out there sawing off the support beams of the balcony in the middle of the night).People selling asset protection services, and many people on BP who have read something somewhere will tell you that LLCs are the greatest thing ever and protect you, the individual investor making real estate investments for your own account, from all sorts of liability.