Bought under assessed value, slight value add through cosmetic rehab (paint, light fixtures, flooring) What was the outcome?

You are better off finding a solid property that needs light cosmetic work (paint, floors, or maybe even a kitchen or bathroom remodel), buy it at a decent discount and put 25% down or more (this is when you get best rate terms). 

Give your property a makeover, a fresh coat of paint.

The building was vacant as we are remodeling the first floor and had just finished painting the 2nd and 3rd floors and were in the process of qualifying tenants to move in the following week. 

Power washing the exterior, repairing the driveway, and painting the front doorWhat was the outcome?

We usually do any touch-up paint while we are there also.

I would point out that you have a higher end home here.. its not a 70k rental in the mid west were you just squirt some paint on the walls and put die on the carpet etc..

Power washing the exterior, repairing the driveway, and painting the front door.

For example for a few holes in the walls they have someone paint an entire unit and take their spread.

On the advice of the fireplace guy who did our last cleaning/inspection, we sanded down the brick inside and painted it with the high heat black paint, and it states in the lease that they may use a fireplace-style candelabra if they'd like, but any other use will trigger all the rules in the Fireplace Addendum.