For the refinancing question, if you are adding square footage, adding a bathroom, or adding a full room etc.

@Ben Cochran I hope you have factored STR tax savings into your cashflow and ROI as it can be significant.Leveraging equity to purchase a short-term rental (STR) in Tampa Bay can diversify your portfolio and potentially generate strong cash flow, but it also increases your financial risk.While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

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That's a fairly large single family home.

I would say anytime you can add value in real estate through taking a distressed property and fixing it up and adding value it is a good choice whether its for investment or primary ownership purposes.

@Allen L.i hear you on the hassle of conventional loans, my portfolio is not as large as yours but I applied for a HELOC last year and it was a huge pain. 

See my long list posted earlier of the issues adding an ADU.Good luck

They used to have a lot of great education, but haven't seen those ads lately.

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Spanning more than 8,000 square feet, this outlet will feature a large outdoor patio overlooking the Strip and a unique company store selling exclusive merchandise alongside your favorite burgers.