By mixing COC and E.Appreciation deals, the tax write-off enhances net profits on the COC properties, and you have a game plan in place for either tapping equity gains or liquidating to take gains (generally with 1031). 

My wife and I hired a contractor that quoted us $8600 (labor only) for a 1/1 facelift (sanding off old-school wall texture/ paint/floors/bathroom remodel).

I paid for an open house showing but never had to do one because of the great offer in 4 days.My first flip was over 3,000 sq.ft. and I put $90K into it (had a pool that needed $10K in repairs and $10k in popcorn ceiling removal/new texture/paint).

If it were mine, I would cost out pulling out all of the paneling, and old wall paper, fixing the original plaster up like new with spackle and etc...then have the whole thing shot with knockdown texture (or a texture they are using in new homes in the area).Tearing out plaster and replacing it with drywall seems like dig a hole fill it in.Then I would cost out having it painted SW Agreeable Grey.If the numbers were acceptable, I would rather have that in my portfolio vs (what I think looks downscale for any market) painted paneling.My gut says, longer term renters on knockdown walls than painted paneling walls--but who really knows, and the painted paneling walls seem in good shape and should be rentable.Maybe work like this could be done by a DIY hammerswinger type single or couple over some time frame, but professionals would probably get it ready for rent faster.Just my 2 cents.

All of this along with custom outdoor landscaping with a rooftop deck to truly enhance the experience.

Enhancing and upgrading city facilities throughout the community has been a top priority for the West Covina City Council.  

Cover plates should be installed where missing.98) Some ceiling areas in this structure have "popcorn" textured surfaces possibly installed prior to 1979.

All of this along with custom outdoor landscaping with a rooftop deck to truly enhance the experience.

You are absolutely correct that there's no guarantee you will outperform your mortgage interest rate, and that possibility is enhanced due to the fact that the market is so high right now. 

It's exciting to see Spokane take advantage of our great regional and geographical qualities and enhance the city and surrounding areas, even if it comes with a bit more traffic.