All new flooring, texture, paint, lighting/plumbing fixtures, bathroom and door hardware, and recessed lighting.

The cabinets need to be refurbished after ~50 years of use (finish, drawer slides, hinges, hardware, some isolated areas of damage, etc.).

Our end game is to hold this as a rental for a long time so we want to use tenant proof materials, appliances, hardware, ect.

@Ned Carey @Russell Brazil @Alexander Felice  When the apartment looks like what you've posted there is no reason for an investor to remove an income stream in an effort to empty their wallet.

Curious if anyone knows of a software/hardware product to create a 3d virtual walkthru similar to what is seen in this video (7:27 mark)? 

@Eric Wallet, As everyone said, a refi doesn't affect tax liability or gain. 

It has to affect people's wallets. 

I ended up doing a dark walnut stain for the front door (both interior and exterior) and switched out the door hardware to a dark bronze color.

Basement:- Ikea Kitchen w/ laminate countertop- new standard doors/frames/hardware (lowest prices ones)- New Ikea washroom vanity/fixtures- convert existing shower to bathtub (standard)- stainless steel appliances (get lowest priced ones)- stackable white washer/dryer (get lowest priced ones)- pot lights in living/kitchen/hallway- standard light in bedrooms- enlarge livingroom window (to get permit)- new flooring - Luxury Vinyl planks- AC/furnace/Roofing - 16 yrs old (should I replace before refinance?

Go to these events, learn,but maybe leave your wallet, your credit card and your signature at home.Then the REIA model.