If your properties have paid for themselves I'd say you're safe now to upgrade. You've basically got all of your capital out of the deal at this point. Go ahead and make them nice - you can probably increase your rents somewhat when you do. Good mechanical systems, plumbing, electric, kitchens and baths.
@Max Tanenbaum thank you very much
I think you did it the right way but now its time to fix them the right way and do so moving forward. It allowed you to grow much quicker so it was a good thing at the time.
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