Rent one side of the home by the room, STR, MTR, build an additional room to increase rent, store an RV in the backyard, etc.

Welcome to a realm where data intersects with destiny painting stories of resilience, progress and endless possibilities.Diving into Single Family Home TrendsIn February 2024 Palm Beachs market for single family homes embarked on a journey of strength and expansion defying expectations and embracing opportunities.Closed sales, serving as the pulse of the market saw an increase of 5.23% reflecting an atmosphere of hope and potential.

According to ApartmentList.com, the average rent increase in my primary market for 2021 was in excess of 20%. 

Downside is HOA fees can increase at anytime or rules put in place you might object to or that don't fit your strategy.

In low appreciation markets where the return is historically not from appreciation (where appreciation does not noticeable exceed CPI) then it makes more sense to pay down the loan amount to increase the cash flow but there are still better options because F/F home financing (even with the rate increases) is some of the cheapest money options available.  

You may be saving money short term, but it does not mean you’re increasing your long term expected yields.  

Then, they have low ACH limits, you can ask them to increase them though. 

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

What you are proposing won't be attractive the owner right now, but also since it's currently leased to you, not a ton of other people will want to take over real estate with the bar tenant.