So properties with good lighting not near junkie looking properties and ones that are fenced bring higher rents and are more desirable.

Boom.I take this tact on many high priced or specialty or design items, like countertops, light fixtures, appliances, large glass or window replacements, mechanical anything, etc….Contractors have their preferred suppliers who they know and are reliable, but are not always the best deal.

I imagine I would be close to 75% LTV after light repairs.

As @Bob Stevens said, it's simple not easy.Find a small SFH or even Condo somewhere, anywhere, that needs a very light rehab.

. $10k light rehab.

@Brandon Hall could you shed light on this issue filing a state tax return to preserve a loss for a K-1?

So much that it was raining from my recessed lights.

I am not clear on what would need to happen/what i would have to do to end up in the latter situation. if anyone can shed some light on this i'd appreciate it!

You can remotely monitor the property and address any potential issues quickly.Automated tasks: Smart lights can be programmed to turn on/off automatically, saving energy and adding a touch of security by creating the illusion of occupancy when the property is vacant.Consider using a smart home hub like Google Home or Amazon Echo.

Don't set yourself up for "Oh i can just drive up and change the light bulbs".