You may have answers to some of these questions already, but it is a good exercise to have some clarity on those goals, then you can forge the path to get there. 

If I'm already going to be having to fix a lot of the main living area drywall, flooring, and balcony tiling, should I consider options to “enhance” while I’m at it to make the expense more worth it?

Sun Valley's growing market further enhanced its appeal.

Johnson City's growing market further enhanced its appeal.

Galt's growing market further enhanced its appeal.

Memphis's growing market further enhanced its appeal.

🔸Comfort and Seating: Provide multiple seating areas throughout your property to encourage socializing and relaxation, enhancing the overall guest experience.The short-term rental landscape has evolved.

And then when you sell the property if they exercise the option you could then 1031 the property.   

Burlington's growing market further enhanced its appeal.

Slidell's growing market further enhanced its appeal.