The LTR's have picked up after a long dry spell.

(This is a general statement not market specific) Condos have a lot more to deal with that TH/Apt, these two are pretty cut and dry compared to Condos. 

It isn’t as cut and dry as you are asking. 

Guests can sometimes pull a fast one and get a refund, leaving you high and dry.

If you need to sell a property or two to save your finances, buyers dry up, lending gets tougher, equity gets wiped out.   

I told my tenant the plan and he said he thinks it’s dry enough and liveable and does not want the work done and himself potentially displaced.

Purchase price: $650,000 Cash invested: $75,000 First industrial development, project consists of 2 warehouses with a trailer drop yard for indoor storing of dry goods & refrigerated

Dry the area thoroughly using fans and dehumidifiers to prevent recurrence.

The issue is, washer and dryer combo (not the stackable, the one where you can wash and dry without taking out) is my only option for now since the unit does not have vent.

The mileage rules aren't as cut and dry for landlords as they are for people who have a regular W-2, office job.