If the cabinets are sound, paint 'em, replace the countertop, knobs/pulls (and add them to the wall cabinets)... not sure the sink and faucet really need to replaced (Bar Keepers Friend can clean them up nicely).Interesting that base cabinets are recessed panel and the wall cabinets are raised panel, but I doubt a prospective tenant will notice/care.

That's what happened post 2008 recession. - you will always have prime tenants, which are much easier to manage than others. - I'm quite sure in 7-10 years the value of you condo will be in a different category than it is now, and you will be damn happy you didn't sell it. 

What's the best way to evaluate if this is a good investment given that we would be putting down $1.2MIs this a good time to buy in SF, I read on another thread about unemployment being super-low but that it could coincide with a mild recession/correctionAny other ways you can think of - that help my sister get an apt and help me from an investment perspectiveThanks a tonPratik

(There's a shower behind the wall, do it would just be the actual depth of the wall I could gain, perhaps with a small header making a recessed area). 

@Abram Howard HARP is a refinance program specifically designed to help people who were negatively impacted by the Great Recession.

I called 100+ banks by me and found banks during the great recession willing to work with me.

There may be national trends and recessions but the housing market has always been and will always be regional.

I currently Own and Operate a Handyman Service performing repairs, light remodels and carpentry due to the last recession we went through family shut the doors and I had to figure a way to survive on my skills.. 

We accepted the program during the recession to guarantee a portion of the rent.  

My desired strategy is to access a substantial amount of capital that I will use to buy depreciated homes a few years into a recession.