Not to sound harsh, but I'd recommend looking over some of the threads on this forum, for a few reasons:

- You haven't addressed lighting, and that's a huge deal.
- Wall paint vs. mylar is a discussion in its own right, and has been discussed at length.
- Different strains grow to different heights, and there are ways of changing that to a certain degree.

In short you're asking a huge question, which has answers already on this forum, found by kind of searching around. The quick answer is sure, you can do it, but you'll save yourself some time and hassle by getting some stuff taken care of before you go any further.

Maybe start by readng this:

http://www.1stmarijuanagrowerspage.c...rijuana-3.html