The property had good bones and a solid structure, making it a great candidate for renovations that could increase its value.

The property had good bones and a solid structure, making it a great candidate for renovations that could increase its value.

I have not increased their rent (although I should have).

You would ideally want to buy in the downmarket for below market price (around this time of the year since its more of a buyers market) and then sell in spring when values are going to be increased and also have a sellers market (you could sell for above market price).

Is KNOWINGLY increasing a payoff to an amount ABOVE what was technically and verifiably owed illegal for the lender and or borrower to do?

I double "co-hosters" in most markets are getting 25-30%.If property management interests you I would suggest you become a licensed and insured PM company to increase your credibility. 

This tends to occur when the appraiser is unfamiliar with the area, and the area has had a recent rapid increase in property value.  

Permits are now required for all STRs, with fees increasing as of June 2024.

It's always a plus when you can get your property valuation increased and the tenant pays for the new item, just so long as your downside risk is mitigated, too.Good luck!

You can charge an increased deposit, pet rent, or require the tenant to carry pet insurance.