I've been apprehensive about introducing myself for a coupe of weeks, but I've decided that exposing my vulnerabilities will help me minimize (or eliminate) them. 

You may expose yourself to some legal trouble should your rented come after you through the other business for one reason or another

When we got home, I suddenly had a panic that we were exposed to asbestos.

@Joseph Gozlan The conference was most beneficial for the connections to other investors that we made there, for the vendors we met, and for the ideas we were exposed to in the breakout sessions.  

what (if any) risk do investors/advisors expose themselves to by applying the depreciation recapture last?

I suspect drug activity in one of my apartments and would like to know if it is possible to run a drug / chemical test to expose the situation.

The railing on the steps was loose and needed to be secure, the draining sprouts were draining right by the foundation of the house and needed to be replaced and the paint on the windows was peeling and bare wood was exposed.

@Tom W.If you're in the HVAC industry then that's good enough for me to go ahead with my original plan and install propane wall heaters.

One advantage is that you can often get away with the 'industrial' look for the upstairs apartments where there's exposed ductwork/pipes etc up above the space... 

If you spent the additional 15k to hire contractors and finish sooner, you would not have been exposed to the general market appreciation.