How much would you spend to renovate a rental property? I'm not really asking for an exact amount. I mean, more or less -- would you go with cheaper materials or the best of the best? Something in-between? I almost think I would go with cheap flooring if I were buying carpet or something like that. I mean, you never know if the tenant will destroy it, so it won't be as upsetting if the carpet is cheap. I think for the most part, I would go with new things that are cheap. Not the cheapest of the cheap (like press-and-stick tiles...no way), but something affordable. I can see the other side, though, because you are making renovations to YOUR property. I just figure there is less to lose if you get a bad tenant. What do you think?