I do it all the time to houses that have never had central HVAC and don't have any duct work.You can control the temp in the house from one location and even add a programmable Wi-Fi thermostat for remote monitoring and control.You won't be cutting holes in the side of the house and making it look like a hotel instead of a nice house.This will increase your resale value over the other options.Mini splits and window AC units look ghetto to me, so I spend the money to do it correctly.

Definitely worth a call. www.Excel1031.com

It may be worth consulting with a real estate advisor or financial planner to help you determine the best approach for your situation.

New build...i was able to add value by choosing to build a mezzanine to increase sqr footage.

Myrtle Beach is definitely worth considering if you're looking for a great place to live.

Do you believe 4-plex and apartment buildings would increase your ROI?  

*RNIP is a program to migrate people into this city to increase economic growth.

If it is worth $430K, pay more than they owe on it giving them some money in their pocket to get started again and you're still getting a good deal. 

Next year, increase the rent to $3200 (if the market supports it).

Otherwise just month 1.) rent to increase $x ($2-300) per month after that.