Most likely scenario is that you're able to add the improvements you're looking for and will be able to refinance into a whole-property mortgage in under a year, depending on the improvements.

The funds will be used for cosmetic home improvements as we list and sell the property.

We are continuously improving not just maintaining it.

Good work improving the software!

Your best bet is to keep a pulse on the area and fresh listings, but to otherwise venture just north or south.Focus on the areas that are more inviting and often even more monetizing, if you want to improve your chances for a short term rental permit on the Oregon Coast. 

However, we notice it also needs more improvement as some of the results are not accurate or whatever AI you are using and my thoughts about the AI you've mentioned I think it will happen after a long time ago or much better if we all prepare.

I have till mid-late 2025 to sell without capital gains tax (< $500,000 couple).I'm trying to figure out how to improve the performance of this property and have some thoughts about it, but would love to get feedback from other REIs.Option 1Add a ~800 sqft ADU in the backyard which I think costs ~$250/sqft (total $200,000) and I think could rent ~$2,000/month.

I'm referring into "Expenses AFTER the in Service date are then considered for repair vs improvement" part. 

Rents have also been increasing.The area also has good potential for appreciation, especially with ongoing developments and improvements in nearby neighborhoods.

Congrats  and keep you eye  on  refinancing  options  in the  future to improve on the mortgage  terms