I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.

Each market is different but as a national average, the increasing rates have increased the inventory.

The closer you are to Huntsville the rental demands increase.

Quote from @Rich Davis: I know there have been posts regarding the ever increasing cost of insurance.  

Rent roll is $12,000 and increases to $13,000 in April 2025. 

Then build a life and set goals around increasing the number of perfect days you have each year, instead of decreasing them.2.

I'm also curious if the amount that you get for the LOC, would the fees get higher as your LOC increases?   

In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent increases low, and focusing on maximizing occupancy in our New England markets.

Building a sport court will run like $30 grand, but would increase your rental value. a 6bedroom 4 bath house with a sport court, hot tub, fire pit, mini golf, arcade etc. will most likely crush it because it's cool.

By the way my last local purchase was dec 2021 which was before rates started increasing (just a few months before, i had good timing - when the fed states they are going to be raising rates, it is a good idea to believe rates may go up).