I renovated the entire house, new flooring, new ceiling fans, sliding glass doors, finished laundry room, new washer and dryer and new vanities and toilets in both bathrooms.

The good thing is, I've been told, is that a majority of the CDW is all 1/2", meaning the ceiling drywall does not need to be replaced.

q=cupola+plans&rlz=1T4ADFA_enUS412US412&tbm=isch&tbo=u&source=univ&sa=X&ei=QYxKU-K4BMey2gWtjoC4BQ&ved=0CD8QsAQ&biw=1024&bih=356 Add a cupola, a large one with windows, you can open the ceiling.

After 5 years we could have 20-25 projects going at once.It is pretty compelling though:you are creating something that can add value unrelated to how much time you investyour income has no "ceiling"you have freedom to do what makes sense, not what your boss makes you doretirement probably isn't as scaryno one can "fire" youBeing full-time definitely isn't for everyone and I think employees really underestimate how it's easier to build a long-term portfolio with a W2 (especially at the start).

Property taxes now have some ceilings in place and the walker administration has been landlord friendly but this also competes with local ordinances which I believe are a little more tenant friendly in the milwaukee area.

We have decided to invest in new carpet, paint, scraped ceilings etc., tile, (I can get good prices on these) then we will put it back on the market for around 480k.

But I don't want the tenant to be afraid to call me and tell me there's water dripping from the ceiling.

While looking at REO's and vacant short sales, I sometimes look up at the basement ceiling and see a distinct lack of copper!

The problem with this safe harbor is that it will be rare that you can fit your expenses under the ceiling, which is 2% of the unadjusted basis of the property. 

With 8 foot ceilings, 7.5 foot with the drop ceiling in.