I have an older home w/ popcorn ceilings.
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Your ceilings should have dry wall underneath. By doing most of the work yourself, you can save money but it will be messy. this link can help
http://www.wikihow.com/Remove-a-Popcorn-Ceiling
You can take it off but it's really messy. A pro can do it and not make the mess. You can ask around and find somebody doing it when they are off work. But try to get a reference or ask around your friends may know somebody
I painted bead board white and nailed it to the ceiling. Looks beautiful.
To repair, try mixing a 10% solution of bleach and water, put down plastic sheets to protect floor and any furniture and lightly spray. Repeat if needed. You can buy ceiling texture in a spray can, and if its a knock down (flattened bumps) use a large scraper to lightly flatten after its set up about 15 mins. Practice on a board first.
Here's some videos to watch... https://www.youtube.com/results?search_query=how+to+repair+popcorn+ceiling+water+damage
http://www.hometalk.com/categories/remodeling-renovating/ceiling/popcorn-ceilings