Low budget renovation cost means having basic lighting (mostly under lit), from my experience as landlord and tenant, unit for rent with minimal and basic lightings very hard to attract good tenant. Imagine you as a tenant u pay monthly rental but only given basic minimal lighting sometimes not enough illumination. Why tenant dont deserve proper lighting is it? Tenant also pay what. Low budget renovation would attract low quality tenant e.g. foreign workers, single new workforce and such etc. If you renovate with proper ligthing, fans, aircond and most importantly proper kitchen cabinet, you defenitely will attract better tenant. Some of unit for rent gives only basic lighting and kitchen cabinet that seems only suitable for banglas and nepals willing to rent.

Self handling tenancy is easier said than done. Unless you are full time in property investment and have time and effort to spend on this.

Renting for 30 years can lah. By reaching retirement age, the unit is fully-settled loan bank. But have to endure and face all this renting issues for 30 years.