Would it make a nice mid term rental if I need a revenue boost?

Unless the owner is mentally incompetent, or more than desperate, it most likely won’t happen.  

Hello everyone,
A family member of mine owns a short-term rental property in Downtown Miami and is looking to increase both occupancy rates and revenue. I’d greatly appreciate any tips, strategies, or insights you mi...

Currently, one of my long-term employees is on the brink of financial bankruptcy due to the significant health care costs associated with her teenage daughter’s severe mental health illness.

Are you looking for more cash in hand to boost your lifestyle?

But I think once you are buying 3rd you should be lower leverage or have done value adds to boost the rents so have safer margin/ratio.

Do you have any tips or systems in place that have boosted your property's ROI?

This is a solid, predictable income stream.Low debt: With only 7 years left on the loan, you're close to owning it free and clear, which will significantly boost cash flow.Diversification: Keeping the fourplex provides diversification alongside your other investments and W2 income.Local market knowledge: You likely have a good understanding of the local market after 10 years of ownership.STR potential: Michigan has some attractive STR markets, especially in tourist areas.

What if you could add $200 / month in NOI (a 30-100 bps boost in cap rate depending on the asset value) without raising base rent?

Now mentally you need to get ready.