It isn't very expensive if you sub it out yourself but if you hire a GC, they might try to rip you off acting like it's worse than it is.If it is known that the house has CDW, just video tape some of the demo and the installation, and take lots of pics during demo, after demo to show house down to studs, and new drywall installed.  

The second is along those lines...when Mom and my stepdad moved out of the Midwest, she gave me a box full of old tapes of creative real estate strategies.

Seems like it would be good for rentals.You can use double sided tape on the edges and a couple of x's in the center. 

If you don't have money, get an education, and not from some tape or book!

Historic districts can make deals losers from all the red tape and approval you have to go through.So your time to rehab goes much longer and bringing back the original character the committee wants can inflate your expected reno costs.A house of that age has many hidden bombs such as galvanized plumbing,radon,knob and tube wiring,asbestos,foundation problems etc.I think it's a marginal deal as well.

Structural problems pending (rickety stairs, sagging roofline, things held together with duct tape, baling wire and fond wishes?)

New asphalt drives, pool repairs, carports, paint exterior trim etc, etc, etc.

Even if I paint myself the apartment would take 2 5 gallon buckets at 60 apiece.That doesn't include drop cloth,rollers,tape,buying ceiling paint etc.If the color you are going over is real dark you will need primer and most likely have to patch some walls and do some sanding before painting.2 stoves and 1 fridge 500??

Had two layers of asphalt and the original cedar shake to remove as well as installing all new plywood sheathing.

There's definitely a lot of red tape, BUT, getting money to purchase and rehab a property at market interest rates is definitely worth it!