Also, check out if there’s any new development or improvements happening nearby, as that can boost property values.

Install low profile LED lights or wall sconces.If this is an investment property you need to be thinking about returns.

It's always up to investors/etc to decide their risk profile, but those who haven't been exposed to this stuff can't even know this is an exposure. 

If you need the cash flow to live on and it will improve your lifestyle, then go for it.

Hey Tod, I took a very brief look at your first listing, airbnb.com/h/newport1bedroom, and the thing that jumps out at me as far as improving it is: address the 1-star review head on without attacking the reviewer.

Do you have cash reserves for capital expenses and improvements? 

Say my original loan was $500K, my cost basis with improvements is $1M and I cash out refinance with a $1M loan (can I include the interest of the new loan into cost basis since it’s reimbursing me my cost basis)?

Your host's (Abby's) half-naked profile pic is very off-putting.

These items have me slightly concerned and weighs on my decision, making me want to "take the money and run".Question: Would you sell, abandoning a 3.125% interest rate, $1000/mo cashflow (which I believe would be roughly halved if a loan were taken for the capital improvements to the larger property), to lock in the equity gains tax-free made since 2020?

It's a great way to showcase the improvements made and helps appraisers not miss stuff.