Upgrading isn't worth it if you are planning to rent it out(generally) unless you were planning on doing a refi or sell it.

You want to figure out how much you’r truly making on that $350k give or take in equity.

I welcome any input from anyone who is knowledgeable in the area (comment not question, lol)Wish you the best of luck, check out my Youtube channel and schedule a call if you like.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

There are many choices out there so take some time and check out other systems to see what works for you.

@Melissa Sejour Its a great question we all had starting out.

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.

We don't recommend "newbies" start out with Class D properties.

If you were able to build equity over time, it could be smart to sell, pay off your loan, and use the money for another venture (flip, investments, etc) if it is truly bleeding you out.

Renting it out before that could violate the loan agreement unless the lender grants an exception (e.g., job relocation).