Doing the remodel is worthwhile for that reason alone.   14% is a very decent return.More important, your remodel will, upon completion, immediately increase your equity by $25,000 (Middle guess $135,000 without remodel vs $160,000 after).   

We have run a successful bathroom remodeling business for the last 10 years.

In California Prop 13 that went in about 40 years ago already address's the property tax situation quite well.AS for gentrification.. no one puts a gun to anyone's head.. if folks want to live in their dilapidated home while homes all around them are being either replaced with new or significant remodel.. that's their right.. 

  $60k on remodel, $90k to invest in acquiring another property.

That’s actually helping my more recent buildings out because I’m finding a lot of renters are realizing their not getting any use out of the pool and the fancy services and would rather save some money by living in my remodeled units. 

Do you know how much it would cost to remodel the entire house? 

I run a small kitchen remodeling/custom cabinet business from my single-family residence which is ideal for my business deliveries.

Are you looking for a top quality remodel (quartz and hardwood)or just someone to get it done with average materials (tile and LVP)?

Me being a beginner, I missed a few things until my father in law (used to work for a home remodel company) walked the house with us. 

Complete Remodel What was the outcome?