Can you raise rents to improve the cap rate and then sell?

It is actually currently a rental property (purchased in 2017), I am planning to move into it for 2 years as our primary residence, make some improvements and then convert it into a short term rental. 

This seems like a fairly easy exercise in comparison to a large multi-unit property with land and lots of improvements.

Block is still a good insulator, water/termite resistant, and hurricane proof, while there's room for improvement in windows, insulation, AC efficiency etc.

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If you are looking for funds to make infrastructure improvements you could try the SBA and/or do some research for any State financial assistance. 

HOA management companies seem to be increasing fees for no reason except to hold more cash without actually making improvements. 

TSP works really well to remove it but messy, use gloves and good ventilation or respirator mask.

Are you over improving?

In general the further west you go in that zip code the class location improves.