Changes the picture somewhat; everyone should evaluate their own model.Also there are countervailing concerns to be aware of to find one’s own balanced position on this:Yes I’m aiming at the “crappy” end of the market where a plumber like me can add value adding/ fixing bathrooms and kitchens; where prices are cheap still and returns especially after adding value can be much higher, and also I’m a big believer in not just maintaining but improving your properties, which all fattens the capital expenses budget.  

Should I replace the floor in the kitchen/dining area as well, which has a few small nicks in it, but otherwise is in good condition  My agent estimated it has another 5 years of life in it.OPTION 1)  Replace living room flooring only - approx $1800 - ($1100 materials, $700 labor), then replace the kitchen/dining room floor down the line.ProsLess expensive up front.Get 5 additional years out of the kitchen/dining vinyl, which is not at the end of its useful life.ConsLabor costs for installing downstairs floors will be higher in the long run with two separate installs ($1000 labor for all downstairs at once, likely $1400+ labor for two separate installs).Floors will be different in the living room (luxury vinyl wood plank) and kitchen/dining rooms (a vinyl "tile") both now and when I replace the kitchen/dining floors down the line. 

Then send them updates on the project, new kitchen going in, before and after shots.Project complete and new tenant moves in August 1.  

I'm trying to decide on a theme for my rental kitchens, I use white cabinets, and jamocha granite countertops because they look nice and there cheap.

It affected the kitchen as well as two rooms above the kitchen; the building is not condemned, so that's a plus.I should have a quote from a restoration contractor tomorrow, which would give me a better idea of how much damage has been done. 

Then do the driveway, do an interior redecoration of all the units/common areas, and invite me out for coffee (your treat ;)

Nice transom window above kitchen cabinets.  

I'm budgeting 50k a sq  (300k) to renovate the interior: plumbing, electric, 5 kitchens, 5 baths 5 new hvac systems.  

Other than that, most oddly pleasing to 20 somethings feature I always make sure to point out are the USB / 110v receptacles I use. 1 per bedroom wherever the night stand would go, one in living room, one on kitchen counter as long as it’s far enough away from the sink to not need a gfci.

Then I have a leak in the kitchen and need a plumber so I ask another investor in my complex if she has used anyone and I call this guy who has worked on a lot of the units in my complex.