If you are going to open that up again, I would add a brace on the inside of the wall long the rafters with a couple of posts on both sides, not to raise the ceiling but to be tight and help support it while I demo the concrete in the opening.

(fridge, stove, dishwasher, microwave)We have purchased all new doors for interior, 13@ $500.We will install 4 new windows ourselves, others in house are new.We still need to get estimates on kitchen counter and cabinets (can't get done until after demo) need to purchase 2 new toilets, new bathroom sink, interior paint, many misc. things such as ceiling fans, light switches, ect....How are we doing so far?

If the switch is white you can just spray paint them.It depends on what kind of rental you have with what they expect.We have small old water stains from previous leaks on the ceiling when tenant moves out.I buy a spray can of Kilz for 5 bucks and usually last about for 2 of my apartment units hitting spots.You can't tell afterwords with the ceiling and it looks great.It's cheaper than scraping popcorn and trying to match or scraping the whole ceiling and a flat ceiling because it is old showing all imperfections if you just scrape and paint it.On the light switches I agree it works to replace them all but in older apartment buildings I try not to do that because what I have found is the wiring in behind is cut short or has too much excess crammed in.So if the wiring was all clean and the right slack from out of the box it would be easy to replace.I have found that some go smoothly and the others are a bit of a pain to change out making adjustments.The Kilz for the ceiling I only do that on non-active leaks where the drywall still has integrity to it and is not sagging.If it is sagging I cut out and put a patch in and then popcorn over it after priming to stick.All my tenants want is a nice,clean place to live.If you have a high end tenants paying premium bucks then finish level and what the tenant expects will change.In mine replacing everything will only net me maybe another 30 bucks a month in rent and the thousands spent will take 5 to 8 years to recover if everything goes perfectly with each unit.

Basic plan: Purchase single family homes in the Waterville – Winslow area, at a minimum 15% discount to market value with a price ceiling of approx. 70K, in well-kept, desirable neighborhoods, in-town, that need little or no work to bring to “move in†condition, and that will generate an average of $600 per year minimum net cash flow per year over five years, not including cash flow from self-managing / maintaining.

One sag in front of a fireplace visible in the Photos.The roof is leaking in several locations.Apparently the house originally had 11-12' ceilings.

I avoid blogs, for good reason, I don't need any holes in my ceiling, LOL.BTW that attorney mentioned above is a guru using his license passing off expertise that in some respects appears to suggest violations of financial law,  with a law degree hanging on the wall giving advice that has apparent violations of law.

Ibrahim S - The reference I was trying to make is that the sellers want 50K over the assessors tax value - admittedly low- but which presumes the house is a functioning home, which it certainly is not after the owners long declined to put a needed re-roof on it and it shows the interior damage results where the ceiling landed on the floor in the kitchen, etc.

.$625,000.00 OWNER FINANCING (5% at close – balance paid at 4% - 30 years amortization – 10 years payoff)The house needs updates, carpet, get rid of the pop-corn ceiling, paint, maybe update the bath and kitchen yes.

This area was once the sanctuary but we put in two large bedrooms, dropped the ceiling and added the support wall down the center (the divide between the kitchen area and the living area).This is the street view of a building we are negotiating on right now...  

They said they fixed the leak, and were in the process of fixing my ceiling.