The way this should work goes like this.... 1) notice plumbing issue. 2) cut open ceiling and investigate.  3) find problem. 4) fix problem(s). 5) replace damaged sheetrock with a new undamaged piece. 6) after mud and tape, match existing popcorn or texture to what currently exists now on rest of ceiling unless it is a smooth finish. 7) if it's smooth finish or textured then prime and repaint ceiling. 8) done!

b) Buy/rehab the property5 - After the "seasoning period" required by your lender, get the property refinanced.6 - Take the cash from the refinance (this is why you use cash to start with...and not a loan) and repeat Steps #4 - 6...as many times as you want/can.Note:  After a certain point, or even in the beginning, you may need to involve cash partners to get the needed cash together, or a credit partner if you can't get approval for the refi's.Clear as Mud?

I have one property that has it in the dry wall mud.

Stay away from ANYTHING post and pier on those black mud hills. 

My dad came and put . 1 little slab of mud on the wall and said his body couldn't handle it.

Chasing yield will lead you to undesirable areas, where you're not ready to deal with the issues. 

Since we're buying as a partnership, having some kind of personal guarantee is complicated and undesirable. 

I had to have it jacked up via a mud jacker.

No mud slinging or advertising outside the marketplace.I quickly requested my account to be terminated at another social RE sight that was a joke.  

They have to come back multiple times as the mud dries.