What you want to do is protect yourself against external events out of your control, like a layoff due to a pandemic. 

Condo is in an HOA which manages all external elements so I am responsible for inside of the condo.The rental property is a 2 Bed/1 Bath, that I bought at Market Value: $137k (Cost Basis: $140k) in 2016.

Would external rehab improve the ARV a lot?

Hi folks,I'm wondering if people would be so kind as to share their opinion with how they would handle my current situation.My homeowner's insurance (I'm house hacking) is requiring I fix the external walk-up stairs to my tenant's unit-located on the second floor of my 2 unit house.

Appreciation is also going very well, also there’s a lot of external development going on as well.

I am still waiting for what happens on Nov. 3rd, and for other external variables to subside since it's not a normal situation we're in. 

For example, how much on average are you spending on the following items:KitchenFull bathHalf bathUpdating plumbingRewiring housePatch/Paint/Repair a standard roomDumpster HireReplacing a windowReplacing internal doorReplacing External doorAppreciate your help on any of these items. 

All comes down to the neighborhood, asset type, and external conditions.

I did speak to one credit union that said they only do "external appraisals," for homes worth <$2M, where they just look at comps.

But you all made a good point about "feeling watched" and using external cameras would probably accomplish the same thing while keeping an inviting atmosphere for tenants.