I just bought a extreme case were owner lived there 10 years and acquired over 250,000 lbs of crap I had to haul to the dump cost me 60k  this included demo ing the house but the haul off charge alone was 40k .. if your putting 100 a month away 10%  for turn over which you should  and another 10% for cap ex which you should. 

Driving a "crap" car today so that later you can buy that sports car .. in cash ( if you want to ).

I don't do that separate agreement with the seller crap.

3) Did the insurance company give you crap?

CRAP!!!!. 

Yes buy low and sell high also involves buying the crap out of real estate during a recession.

One thing you need to consider is that usually the popcorn ceilings or even troweled ceilings create a lot of dust plus it's an easy way for builders to hide imperfections and slam things through on cheap houses.If you scrape you might find a bunch of leveling problems and other things exposed that looks like crap unless it is coated and hidden in some way.The higher end homes here have the smooth ceilings just like the walls with heavy trim packages.

Most adults not only smoke, but chainsmoke while living totally unhealthy lives eating crap food.

I go in my MLS which our area is using Rapatonni (Crap) and pick the properties.

They were nice enough to smear human crap on the bathroom walls, so it wasn't my best day.