We sub out all electrical, mechanicals, plumbing, and some exterior and flooring. 

Look out for potential issues like plumbing, electrical, roofing, and foundation problems.

These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

You saved time and energy and money to have to file eviction, wait for them to be remvoed, then clean up, then put it back on market.  

I once spent all night pumping 3 feet of water out of a basement, in a monsoon, using a DC pump attached to my truck battery because there was no electricity to the house and the sump pump couldn't work.

The stove & hot water heater are currently electric. 

As an investor how does $7/month electric help you?   

I would rather spend my time and energy on something else.I got into this for FIRE; self managing properties doesn't align with my goals from real estate.

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.

You won't sell it if you didn't get permits as most municipalities require you to get a CO or the buyers will do an OPRA request and see you didn't pull permits.If you did electrical or plumbing without a permit, the walls will need to be opened up to expose the work.You won't be ready to sell in 3 months.