From your options, #1 is a big sink of cash and I can't tell how much that increases you rent. #2 is a no due to cash flow negative. #3 is the way to go.

Some grow too fast and discover they've built a full-time job for themselves.Growth can also include improving cash flow, increasing property value, or optimizing operations.

The increased rent is a good sign. 

Value adds were a combination of market value increases, rentability increases, strategic maintenance and improvements during lease cycles, and property management.

But, you will have increased the value of the property, allowing you to pull cash out for your next deal.

Are you planning to hold as-is and focus on cash flow, or do you have a strategy for infill, increasing rents, or improving park infrastructure to boost value?

The median price in the greater Austin MSA increased 2.4% to $435,000 over the same period.

Utah has some of the cheapest tax and insurance rates, but their rent to price ratio is horrible and rents don't keep up with housing increases like they do here. 

You can also double hack these if you have enough units and live in one unit and use one unit for your business, but of course that decreases your cash flow but increases your usability.You can also use an FHA loan to get a mixed-use property with only 3.5% down if the residential square footage if more than 50% of the total square footage.

The blood spatter on the walls and floor?