I also own 19% of our family cabinet manufacturing business, and actively manage it. 

Kitchen cabinets got make over.

And as friends learned from Hurricane Sandy here in NJ, insurance will only cover what was actually damaged by water if you've got flood coverage....meaning, lower kitchen cabinets that had 6 inches of water damage were pro-rated when being replaced.

Plumbingwhat you don't need to spend a bunch of money on is flooring Paint cabinets appliances etc those things will get used and abused by the tenants or time.with the above 5 things all new or updated one will have a good chance at a 10 year run.

@Kyle Kelley The cost of the money, is an expense, just like the cost of the kitchen cabinets, the paint, and the carpet.  

Mostly just cosmetic fixes. 1 unit that needs most of a new bathroom, and cabinets/countertops.

Cabinets come cheap from several importers at near the port of Oakland CA.To make sure your tenants keep your home up inspect it with a checklist every three months.

The home will be completely rehabbed (cabinets, bathrooms, flooring, roof, furnace, windows, etc.).

He asked for another $5,000 for kitchen cabinets but and windows.

The cabinets have been bought and I will be installing them.