I believe some of that cost also includes regular special improvements like water mains, street lighting, etc as well.

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).

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.   

This pretty serious warning aside, if they lend you money, there should be interest.

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.