Brrr investors, help!

[Dylan Topolnisky]

Investors would like feedback on my situation. I bought a condo a year ago. 30-year, 2.84%. 5 year fixed. , currently have it rented. I’m looking to buy a househack. (want to keep the condo) I live with my parents and would like to get out without paying rent. I’ve been saving up for the down payment (20%~80k). Lease is up in January for my rental. Was thinking of doing about (but probably less than) 5k worth of renos, (new flooring throughout, paint, brighten up the kitchen and bathroom by painting the dark cabinets white with black hardware.) then want to refi since rates are around 1.9% and prices have stayed relatively same if not maybe higher? now and hopefully pull out some cash towards my househack down payment. What are your thoughts and is there things I need to consider before committing to this?