Oh yeah, an encapsulated can only be used on certain surfaces and the existing paint needs to be tested to be sure it's bonded well enough the the wood.

I like to believe if you are a real estate "investor" then you should treat your real estate investments the same way you would investments in other markets (stocks, bonds, etc) in the since that the primary idea of your investments is not to become your primary source of income, but to supplement your income. 

They are bonded and insured for errors and or omissions. 4. they offer other services and products, such as counseling and warranty programs, transfer services, . 5.

I actually ended up at the Grove later that night, to see the new James Bond movie.

Corporate bond spreads have tightened during a slow holiday season as well as spreads in CMBS (Commercial Mortgage Backed Securities).

In my opinion, real estate is more like bond investing than equity investing in the sense that you should be examining the potential downside of each purchase more closely than the upside. 

Take a look at the varying opinions/approaches you have received here...this is exactly why it behooves you to bring in one or more qualified professionals, licensed, bonded and insured, who will pull a permit and go on record as having done the proper work and stand by it with his/her money.Just because the wood is rotten and not supporting anything does NOT make it safe and negligible.  

In Seattle anyone can become a general contractor you just have to get insurance and a bond it's kinda scary.. 

For the last paint job last summer we tried covering the whole side with Sherwin Williams Peel-Bonding primer or Zinsser Peel-Stop primer.

Using Zero Coupon Bonds to Secure a Loan, Sale Lease Backs (not with distressed properties), using loan to equity options, and more.