Also lists the mechanicals on each property and the year they were installed.

You might be able to use a monetized installment sale to save your tax deferral.

toilet and install should be less than $150Tub and install less than $300 unless there are issues 

I am not selling anything, I am an investor and am planning on doing this myself as there is a way to do an installment sale and take the proceeds and invest it into an annuity.

Your water bill for your entire complex will come down significantly the first month you install water meters and pass the bill back to the tenants.

On this deal, passing on the expense would mean submetering the gas, or installing electric baseboard heaters in each unit. 

By installing one at the front of that property the Fire Department will see the reflective decal and know that box has everything needed to access all doors on the property saving you hundreds of dollars in damage due to forced entry situations. 

What you have is an "installment loan".Not enough info to say whether this is a good deal or not but if it is, you can partner with someone for the rehab money or if some of the units are cashflowing, do the rehab over time, or refi or.....

Options 2 – Upgrade electric, fix walls from electric installation, upgrade just what is needed, paint, floors, rent at market values.

I came across allure flooring from Home Depot and fell in love with the ease of installation and overall look.