To make it even more confusing, in Feb 2023 Fannie Mae announced that it is increasing the seasoning requirement for cash-out refinance transactions from 6 months to 12 months.  

Would you think adding a carport could help and also increase the value of the property when I decide to sell this say 5 years from now?

You'd most likely be surprised at the affordability of increased coverage.

I set up my team there, and the passive income will replace my full-time income shortly.The best part - in the last few years, I adopted a newer investment strategy that allowed me to buy many more properties every year, without leveraging my funds and also helped me lower PITI, and increase net cash flow.    

MF provides the amazing opportunity to have multiple exit strategies and  ways to increase value during ownership, so beginning analysis can also vary depending on your goal with the purchase. 

In many cases these properties are within 5-10 minutes from any local beach or attraction.

Carriers are more aggressive about this deductible increase when you're rental is located in a heavy wind/hail area (KS, TX, MN, CO, MO, AR, OK, etc.).  

I was attracted with 60% return 7.

How much has the price increased since you bought it? 

And fear of HOA increases makes it a no brainer for me.