I don't want to break the bank but I really need that modern look.

Some will be remodeled and some will be all original.While I think the expression, "it's not rocket science" is way overused in REI, it doesn't mean you don't have to think and be smart about how you do the business. 

Drywall everything above that with a no mold ,water resistant sheetrock and paint it with a couple good coats or three of good enamel paint to keep moisture away.Best part of a demo to the studs is you can replace wiring,drain plumbing ect as well as upgrade to a modern light/vent that is ducted all the way outside and insulated to prevent condense inside.

@Tim Puffer  Buying/selling a property is not rocket science, and involving agents increases expenses to buyers and sellers.  

Making money is an art as much as it is a science...you do not have to listen to a mantra to raise your money consciousness.

I had to google "FAFSA"...Well, My Master's in Engineering Science was done here in the States but I had to pay every penny of it :)Thank you for your indication.

Regardless it is getting easier and more cost effective to submeter with modern technology so I think you will see more and more landlords going in that direction.

I initially felt I should use ceramic tile in the bathrooms for the modern look but understand it's harder to install.

Hi Bill,On a side note, I've seen those old craftsman homes with restored woodwork and modern kitchens and baths and they seem like real nice family homes.

It is really not rocket science , and never , ever let someone tell you cannot do it .