There is mold on the ceiling in her bathroom.

@J Scott, I am looking at financing for this project, my projected fixed costs are about 25k, 11k closing costs on both ends, 1200 in taxes for 6 months, 1000 in utilities, and 12,000 in interest and points.My detailed rehab estimates are ~400 for fixing/replacing gutters, downspouts, and soffits~600 for replacing and painting missing exterior shingles and painting exterior trim~500 for replacing part of a concrete walkway~1000 for new bushes and flowers~500 for dumpster rental~3300 for materials and labor to hang new dywall, walls, and ceiling, 100 sheets total~2300 for all new exterior insulation~300 for new baseboard trim~2000 for new interior paint~900 for new doors~1300 to refinish wood floors~7500 for new water heater and furnace~2000 for kitchen appliance package~4000 for new kitchen cabinets, installed~600 for new tile, kitchen floor~2000 for granite countertops~500 new bathroom vanity, installed~1000 new tub~600 new bathroom tile floor~5000 for HVAC mold remediation~5000 to solve dewatering issues~10000 Misc. expenses. 

Hi Matt: Its costing me $1100 total including demo and fix any small ceiling repairs and putting up faceboard a or fancy molding from the top of cabinets to ceiling. 

It's got a terrace overlooking a lake, granite countertops, stainless appliances, washer/dryer, tile floors, vaulted ceiling.

. - smaller stairs, not very handicap-accessible, lower ceilings in the basement, electrical service upgrades, etc.), but there is still a huge demand for this kind of rental space in my market.

The vast majority of these houses had full basements (6' or higher ceiling height).  

My roommate, who has worked as a drywaller, replaced two ceilings for me.

Well my top ceiling offer was , I had at that moment enough of the bidding game and said, "That's It, I'm Out".

There was food  stains on the ceiling.

Knowing such things as ceiling heights, utility availability, environmental concerns, traffic counts, etc, etc, etc is critical.