We’ve noticed that local banks are starting to dry up and not offering our cash out refinance on our rentals.

Aside from sprucing the mechanicals and a few cosmetic items inside, I think I'm going to have to replace the storefront facade (rotting wood around crappy windows & some water damage).  

Pretty cut and dry.  

Also, you can fit a lot more material in it that you can in a pick-up, and it will stay dry in a rain storm.

During that time, here are the capital expenditures I have experienced that were required (i.e. not because my wife wanted some newer fancy stuff):Roof replacement - $5,000, though part of this was covered by insurance (tree went through roof)Bathtub replacement due to poor installation - $1,000Kitchen counters replaced (still serviceable but scratched laminate) - $1500Replacement french door, rotted frame - $500Replacement wood floors for worn carpet, which was replaced once before - $5000There were a couple of odd assorted things -a broken window, etc. 

Wood rot all over, 30 years of being rented out and neglected.

Some are “dry” cabins others are plumbed.

You are lucky that the subfloor was not rotted and needing replacement due to long term seepage.

While it's typically dry with minimal rainfall (around half an inch over a few days), prepare for cooler weather as winter approaches.

I guess it’s not cut and dry because people are different in their characters