And, don't be surprised if the 88-year old is the least resistant. 

You have to remember that the uncertainty creates anxiety...which leads to possible irrational behavior...meaning tenants default to self-preservation and will do everything possible to resist change....not saying your tenants will do this, but keeping them informed will make everything run smooth.HERE is a doc we provide to all tenants of occupied units (specific to my state)

We installed new more wind-resistant windows for the entire house, install a tankless water heater to accommodate the new jacuzzi tub and new bathroom and then we had to drywall all the ceilings, finish the kitchen, furnish new appliances, flooring, the framing and stucco for the new addition, sandblast and stucco the entire building to match the new stucco, filled about 6 40-yard trash bins before the project was finished and installed all Thermador products including stove $7,000, refrigerator $7,000, dishwasher $3500, Stove hood about $4,000 and we had to remove several trees and a few small structures to grade the rear of the property because behind the rear of the house was a steep hill prone to having a flash flood.Can you break down the $18,000 per day to remodel a bathroom by just changing the fixtures, painting, and a little tile?

I know AR is notorious for slow appreciation, but also fairly recession resistant.

All that on top of you not wanting to move, there are other investments I’d choose personally that would be a path of lower resistance.

Otherwise, they'd be flamed online.Stephanie 

Homeowners generally resist lower prices as much as they can, even if that means waiting for a better market.Because of that home prices are also quite resillient to economic depressions; you you look at the last 6 only 2008 has brought a decrese in home values - and that was a special situation.

These are recession resistant commercial properties.

@Ivan Chavez if you really want to go above and beyond: clean out gutters, inspect all appliances (or at least those you provide) ice and vinegar in the disposal, check stove elements and use oven cleaner, run vinegar or bleach through the washer, vinegar or bleach in the dishwasher, clean the dishwasher strainer, check light bulbs in vent hood and change charcoal filter, electrical system check-make sure gfci work with a tester (not the button), check all bulbs, fans, and outlets, plumbing check for leaking toilets, dripping p traps under the sinks, you can also check resistance on electrical water heater elements to make sure they aren't busted.

(We have an IRS lien that will be paid off in four years and I am pretty sure that could be worked around.)My wife is hell-bent on being able to "burn the mortgage" as soon as possible and is resisting refinancing with a $30K cash-out to drastically improve the functionality, curb appeal, and comfort of the home we've lived in for 35 years.I feel we should do the refi, make the house new again, and enjoy where we live.