If you want to live in one of the older neighborhoods (which are very desirable) that's just what you get in 100 year old buildings.

Sell and buy something different maybe in a more desirable area.4.

In my market, that is a desirable attribute to have it already up and running.

Any advise is appreciated This post is a couple of years old...how have you been doing with this cash cow.What a desirable lakefront (almost) location, it looks like a Deer Hunters paradise.

The desire to connect with others who share similar experiences is so important, and I commend you for seeking out that community.

Modern finishes, Washer and dryer and refrigerator.3bed/2bath minimum is preferred in the Texas Market.If you can add 2 car garage, that will make it more desirable and attach more buyers.All the best

I can see some families wanting to use the open loft space as additional entertainment room, or using it as study/office space. 1 shared bathroom upstairs would be shared by 4 bedrooms (instead of 3 currently) - is that somehow less desirable and/or not add a lot of equity? 

Only some pockets of the beach are continuing to grow or more desirable than the majority of the market. 

I do not desire to reward tenants for poor behavior.

Once you know your market well enough, your brain IS this tool for you because you can look at a house when you're driving down the street and have that gut knowledge almost right away if it's in a good area, what price point you'd need to hit to break even, how many beds are desirable, etc!