Paint is a cheaper upgrade that can really "TRANSFORM" a space right.

You might need more.You may want to bring some capital improvement funds to upgrade your electrical system, so I'd add in some costs for that.On the other hand, what is up with your interest rate? 

Aside from the general enduring explosive situation in the Middle East, Qatar has been the victim of an economic embargo imposed by its own former allies from the Gulf.I'm left wondering whether it's worth investing in a place with all these risks, where I don't get equal legal with the locals under the law and all this to make a return of maximum 8 to 15%.The tax advantages sound great but they are of little benefit to US citizens and residents and to residents of most countries, given that they have to pay taxes on their worldwide income regardless of the tax laws in Qatar.

But honestly, depending on finish and size of units, the cost to upgrade units may be a drop in the bucket to everything else.  

There is some deferred maintenance and the units can use an upgrade, but overall they are in decent shape.

There is some deferred maintenance and the units can use an upgrade, but overall they are in decent shape.

There is some deferred maintenance and the units can use an upgrade, but overall they are in decent shape.

There is some deferred maintenance and the units can use an upgrade, but overall they are in decent shape.

I would like input on the following question:As an apartment investor, if you were to spend $5,000 on upgrading an apartment unit.....How much of a rent increase is needed to provide your required return on investment of Cap Ex?

Owned it since 2014 and put some upgrades into it, and trying to refinance it into my LLC currently.