As my drill commander would have said when I was in boot camp, not only yes but hell yes.

They are commanding higher prices than before because people are paying those kind of prices. 

Incidentally on a property where you will be renting out other units, such an equity move will also have the added benefit of commanding higher rents. 

The fact that one NOI commands twice the value is based on the markets perceived risk of collecting that money.

So if it is condition that is driving your rent, you are looking at a depreciation scenario where you will need to re-invest routinely to command the higher rent.

As far as your advice of selling it now I would suggest instead maybe the possibility of treating as a Short Term Rental to command higher rents.Also, -250 a month to own an asset that will increase in value by inflation and be paid off primarily by someone else is still not a bad investment...

If you are looking for someone that handles houses with rents that will command $1000/mo or more I have a great guy I use.  

I believe it'll be easier to command market rent (or slightly higher) with covered parking.What are your thoughts on this strategy?

I like tenants with dogs as I am usually able to command a  pretty nice premium on the rents, and my tenants with dogs end up staying longer since it is hard for them to find a place that takes dogs.

Most C class neighborhoods will be 3/1 or maybe 3/1.5 and that is fine, however, a 4Br will always command a premium and rent quicker.