Wall paper over plaster, especially the old cloth/mat-backed wallpaper, allows the plaster to come off the lath in larger pieces/sections, cutting down on the dust (but, only a little).

We bought a house last June and hired a GC to do about $60k worth of work - the main thing being to replace all the cloth wiring in the house, as well as upgrade us to 220 and install new panels.

Without the safety that his home provides he cannot be productive in society, he can't secure his property such as clothes and food.

Use a scoring tool and a hot wet wash cloth/sponge, it may come right off.Once you find a easy way get a crew of friends family and who ever else you can,,,rent a steamer if necessary and do it yourself. 

Hi Michael J,Read and study that info and live it baby!!! 

And I would disagree that the opposite is true.In reality, an investment that meets the 2% Rule may or may not be a good investment.That said, if I were more careful with my words earlier, what I would have said is:An investment that meets the 2% Rule will generate a strong (compared to a typical rental property) cash-on-cash return when managed well.Personally, I've owned several rentals that have met the 2% Rule in areas that I consider to be very good neighborhoods (I'd define a "very good neighborhood" as one where I'd be perfectly comfortable with my wife walking around in a bikini in the middle of the night :).  2% Rule investments don't have to be in bad areas.That said, I've known several investors who specialize in deals in very bad neighborhoods (places I wouldn't want my wife walking around in the middle of the day fully clothed) -- and when managed well, their properties generate tremendously strong cash-on-cash returns.  

Baby steps, my friend. 

I know the ALFs are heavily regulated - not sure to what degree here yet, but that will definitely be on my list of items to research.As the baby-boomer generation continues to age, I know both types of facilities will continue to increase in demand. 

You get your original capital out - no money down baby (and you have infinity cash-on-cash return) and you get $500/month truly passive income (you're not responsible for maintenance, repairs, etc since you're not the owner...you're the bank).The downside: after 2 years, you no longer have any income.

Other occupants would be the ladies 20 year old daughter who was very nice and her 7 month baby.