Let's say you were replacing windows.  

For example, we replace marginal roofs, rip out all the old galvanized plumbing because it saves me a lot over the long run.

I wont not have coverage as i cant afford to pay out of pocket to replace a catastrophic event, but im always open to hearing how I could reduce costs.

This is a separate concept and does not replace the 750-hour requirement for REPS.

First, the stairs leading down to it would likely need to be replaced.

And their prices went up so much that I was able to replace them with an all inclusive system including website (I had built my own previously using Wix) with OR for less.  

doesn't make sense to treat the house then throw all the stuff away, and replacing the carpet and repainting the entire house2.

I BRRRR’d them all so most of the items have been replaced.  

It can make leasing a bit harder since you will have more vacancy when those come do but it will all be in peak season.With respect to the hiring decision, you would need to hire someone to replace you (perform the same functions you currently perform) so that you continue to work up the ladder (spending more time on higher value tasks).  

i wish i had better news for you but it's probably not feasible in the short term to replace your W2 income with rental income.