Owing to the trend towards smaller,  more efficient appliances and LED lighting  electrical loads I think are somewhat less than they may have been per SF like in the 70's through 2000's when everybody had incandescent lighting and big tube TVs and refrigerators, dishwashers,  etc. that used 2 or 3x as much power as modern ones.I've had a couple turn-of-century units rewired to remove K&T and failed 'BX" (flexible steel sheathed  2 wire cable)  and agree with other posters the pricing isn't that bad as long as you can find an electrician that has some experience with that kind of work,   and sometimes it might be helpful to open up some cable routes ahead of time for them to use so they don't have to do the exploratory work.   

Or maybe you want to do a combination of the above?

I did conversions and what you are doing for 5 years in my market in every combination including condo projects. 

Take that money and buy RE in other growing markets, stocks, bonds, index funds, high yield savings, or probably a combination of it all. 

Account Closed, You can combine multiple 1031 exchanges into the purchase of a larger property. 

I wouldn't say as frugal, cause it's more a combination of discipline, not caring, and enjoying what you have. 

Or maybe you want to do a combination of the above?

The three units combined will bring in 4700. 

It’s durable, water-resistant, and easy to clean.Countertops: Laminate or quartz countertops can be more cost-effective than granite but still offer a modern look.Paint: Choose neutral colors to appeal to a broader range of tenants.3.

We are considering purchasing an income making property and business combined, 10 acres 3300 sq ft home and barn.