The newer cabinets tend to be cheap particle board crap that falls apart and if any water gets on them or a pipe leak they blow up and crumble apart fast.If you have solid wood you might want to keep them and just refinish with maybe new hardware.If this is a rental versus a resale you want to not over improve.If you need appliances there are often (scratch and dent) sales from Home Depot and other places where the product is new to almost new.

The upstairs has original hardwood that I re-finished and oiled.

I'm thinking of refinishing the h/w floor and maybe not putting carpet anymore...or skip refinishing and put better quality carpet to lower expenses?

So 1 person completely gutting, wiring, hanging and finishing drywall, painting and then laying or refinishing floors is roughly 70 man hours for a bedroom. 2 people should shave a bit but not much off the total man hours.

Hardwood refinishing and installs and also carpeting. 

The link is to dropbox with photos and a video update as well Click Here: Flooring Photo and VideoWe found a flooring company to refinish the hardwoods that were under the carpet.

I started thinking about real estate investing about a month ago, because I have no retirement plan, no money saved up, and no other forms of income other than the bathtub refinishing company I have (a company in which I work for, and not the other way around).At any rate, two weeks ago, after going back and forth with myself, I decided to become a BiggerPockets member.

We are considering even option like this, but since the property was extensively rehabed and tenants tend to damage stuff faster than homeowners it might be just a last resort in case we will decide to keep it longer and for example refinish the basement to add some more sqft or do other improvements.

So, assuming the rest of house looks the same, and our floor guys says it is refinishable, we'll be going with wood throughout the house and tile in the kitchen.

But I might not want to refinish it before I sell it.