We went to change a light fixture and found the old cable to be semi-dry rotted and don’t want to or have the time to pull new cable/we would love to have a professional look at it.

Installing new light fixtures (and then over time installing recessed lights and really making the units modern).

As far as your particular scenario and investment please provide more color like down payment, appraised value, type of property, how long you plan to hold it, your credit score, your experience etc….this type of info is necessary to give you a good idea as to what would make the most sense in your scenario.

Because of this, I would call it a light value add - at least in comparison to what I am used to in the world of apartment value-add projects.  

The touch points Kitchen, bath, google nest, light fixtures, are what cause a buyer to ohh and ahh, and you only need a few to create the interest fall in love factor.   

Check if high taxes or lower taxes -need to figure out how much you can afford-how to finance it-even though you are handy, may want to start with property needing light rehab-find out area rents for similar sized property

Yup the depreciation recapture light bulb went off.. 

I am following the rules for tax write offs. 14 days rule, write offs capped at income (will have carryover losses), etc....So in light of this I bought a 4wd truck and put snow rated tires on it.

If I can get in at a certain price, I know where fixed up and properly rented units will be valued and the math is quick and easy whether you’ll be able to cash out in a year or so after turning over tenants and light rehab.

Why would I do that in light of what I mentioned above?