The biggest impact will be interior paint, trim and doors, upgraded fixtures, bathrooms and kitchens. 

One deal gone south has a far greater impact on overall returns than a deal completed at 1% less return. 

@Mike SavageIf selling everything feels too costly, a staggered exit strategy (selling financing) could help reduce the tax impact.

Regarding refinancing now vs your strategies for next year it will only impact you if you were planning to pull funds out of that property.

If not, what happens when neighbor owner isn't maintaining their roof and water leaks are impacting your tenant?  

Logical PM has an enormous number of complaints on BP and Yelp.

For our clients, we separate repairs into catergories: 1) Health & Saftey - highest priority to avoid lawsuits2) Property Preservation - don't want a $500 water leak repair to become a $5k repair later3) Government Required - for city & S8 inspections4) Marketing Negative Impact - who wants to rent a "purple" house?

Will it impact your listings in their placement?

As seen below, the median Asking/Listing price for 2-family properties in Astoria is the same as it was last year.So, how has this impacted sale prices?

Admittedly, this is not standard, and when installers arrived they said they can't and won't do it)Supplies not arriving on time and impacting scheduling.