Buy/hold single family or fix and flips are hard to come by, but respectively not my cup of tea.

The city council approved the CUP. 

Personally not my cup of tea.I would look for good areas where small multifamily units go for $125K to $150K a door. 

Added new floors, new bathroom, new light fixtures and ceilings, created a bedroom from an office.What was the outcome?

You will need to install outlets, switches, and lighting fixtures as needed,Plumbing: You will almost certainly need to connect all drains to the sewer and bring in water lines.Windows and doors: To provide natural light and ventilation, you will need to add windows and doors to the garage.

Well, if you have alot of F&F (furniture and fixtures) and common area items, parking lot lights, etc. it migh be worth the headaches, but again, think about the recapture as Will points out.

upgrading rooms, changing old tvs, fixtures windows and adding exterior space for geusts to enjoy themselvesWhat was the outcome?

The condo unit is currently gutted - no walls, no plumbing, no electrical, no fixtures - because of mold concerns.

I remodeled one of the kitchens and soon after the sewer line collapsed under that very room so I had to pull out the new cabinets I had just installed, rip up the new floor I had just put down, jack hammer 5 feet into the slab, and replace a drain line that was infested with sludge worms who live in sewers eating human waste and never see daylight their whole lives and are absolutely revolting (I had to look up what they were). 5 years later theres a coffee shop on the same block whose owner is not only a two-time Brewer’s Cup champion but also a Q Grader (a prestigious certification akin to that of a Master Sommelier, (I had to look that up too).

For the exterior light, if you do not want to rewire the fixture to the correct panel (which is certainly doable but likely more expensive), you can install a light with a built in Motion Sensor which is either solar powered like this one for $22  https://www.amazon.com/dp/B07926JKCP/?