Do you paint paneling in your units?

[Galen Bricker]

I am thinking about purchasing a foreclosed three unit which was remodeled in the 1980's with wood paneling everywhere.  It has been well maintained but just looks very dated in my opinion. The property is in a downtown location where most rentals are very old and in average condition.  Would you recommend painting the paneling  to make it a bit more updated or just keep the old wood look?  I don't know how tenants would feel about it and wanted to know your thoughts and experiences in this area.