I have recently reached a point where the existing electrical components of the home are in need of replacement.

Interest rates are just one component of the economy and you have many different macro-economic conditions that impact housing such as job market, inflation, debt loads, lending standards etc. 

Purchased new a work horse set that’s pretty basic with no electronic components runs me about $1100.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

It reduces risk by having them know the laws which are extensive (down to needing a compliant monthly statement) etc.The other component is no chance I could do it for that price either.

I also included a SWOT analysis for MTR in Las Vegas.Profitability Depends On…Mid-term rental profitability depends on four factors:Keeping the property filledThe ability to charge significantly more for furnished housingActive support of tenants, so we get good reviews.The right renovation components to keep maintenance and turn cost low.Success FactorsI believe the following are key success factors:Location - Not just near hospitals, MTRs must be in a safe and attractivelocation, with direct access to freeways, retail, and entertainment.Appearance - The property must be attractive, clean, and a good placeto live.

You mentioned about appreciation being the main component of returns.

@Joshua MetzgerFirst rule is you need to "stop the scroll", so as others noted, high quality photos of the most visibly appealing components of the property.Professionally designed interior.  

True, these involve a real estate component, but really, you’re starting a business. 

Florence is a University town, plus a strong military retiree component.