Delays often increase labor costs, especially if contractors need to extend their work.

I found this deal through a relative, we negotiated without an agent through a period of x months.

When I sold the house 120 days later, I noticed a $14k charge for lender-placed insurance on the closing statement.I reached out to the lender and provided proof of my coverage during the loan period.

Had a renter at full price of rental offering at 2300 within a 7 day period. 12 month lease, no kids, no pets.

And that period kind of soured me on self managing and rentals.

They said that my parcel of land can hold a max of 3 units so I can either extend the current property into a triplex or add a free-standing unit to the land.

Operators that are open and able to offer combined usages for slower seasons, such as mid term discounted extended stay rates in the winter, can improve lower estimated production in the off-seasons. 

Of the two options, renovation will net you significantly more equity in a short time period.

Might consider a longer amortization period with maybe an interest only option on the front end. 

Do you have extended stay and roommate (or additional tenant) provisions in the lease?