I'm in Chicago and am going to replace all the outlets, switches, covers and light fixtures in a rental propery I'm remodeling.

sorry you're hearing crickets on this one - i think the short answer here is that flippers dont often replace windows here ( double pane windows help with noise, and security, but dont usually do much for energy savings) buyers & tenants dont really care about windows, or if they do, they wont pay extra for new windows..

We got this house for the low-20s and a similar house is currently listed in the low-80s.Flippers are taxed like any other inventory-carrying business, so really we're not that different from, say, a used car lot that does light work on the vehicles.

Ideally, it makes a difference in the quality of the air inside the house and energy efficiency.

So especially in light of the taxicab case and our poorly written law, I would still consider clumping low equity units together in one LLC with good liability insurance, then establishing separate LLCs for high equity and high dollar units.

You use to have to settle for incandescent lighting and CRT picture tubes.

I believe this is for non rentals but I would think it would apply to rentals, Hopefully one of the tax gurus in this forum will be able to shed more light on this.

out of the 204k 37k were building permits. 3 k for plans and other light soft costs 4500 bank fee's and interest..

).Based on these answers I would modify the apartments for safety if necessary, lighting , locks , window guard, etc.

But I can't think of a better place to put my time and energy, the rewards are worth it to me!