It's not for every ceiling, especially if you can see a lot of major flaws through the popcorn, but if the ceiling is in good shape you can really get a nice product when you are done.

This is a NON-QM product.

Makes me think one (or more) of the following is going on:War zone, very difficult tenantsLow economic and/or physical vacancyMajor renovations required, perhaps to the point of making this deal untenableDo your homework.The amount of time this will take to manage really depends on many of the factors above.

If you can add more detail to your question, I'm sure others can chime in more productively so apologies for the generality of my response. 

You could pick a product where you'd only have to replace the damaged tread like vinyl treads but it'd probably stick out as the shiny new one in a bunch of dirty old ones.   

Do some homework and you will likely find that making debt-financed investments with your Roth IRA will be quite productive. 

They have a lot of unique loan products including a 30 year commercial note.

You will want to talk to someone on the commercial lending side for this type of loan product.

One of the first things we learned was the difference between physical occupancy and economic occupancy.

During the day I'm a full time Sales Manager for a domestic, independent manufacturer of plastic houseware products and on the side I'm a budding Real Estate Investor in north central Massachusetts.Today my portfolio consists of zero doors.