The short-sighted knee jerk reaction would be to simply raise rates to make up for it, but then no one would buy because of those ridiculous rates. 

Curb Appeal - added stone paver walkway and custom wood railing.

It had 1 bedroom, 1 bathroom, 1 small office, and was completely outdated and gross (Acoustic tile painted black, painted wood-panelled walls, nasty dog-smelling carpet, etc)We put about $30k into renovating it - It now has 2 bedrooms with new walls, drywall ceilings, a full kitchen, completely new bathroom, new light fixtures, etc - it is essentially a luxury condo that we are now househacking with.We sought a refinance in July 2019 and an our appraisal came back really low - only $250k.

From my perspective you'd be short-sighted and fear-motivated to sell.For the most part, you can self-manage a property, even from a distance, if you have built a few decent relationships with area investors (or can do so moving forward), so don't sweat the coordinates on a map.

If you haven't, go listen to podcast 411 with Geoff Woods.

I was hoping lenders would ease up 6 months after Covid, but it seems like there is no end in sight given the recent raises in cases. 

 @Glenna Wood mentioned @Dave Foster and I have nothing but accolades for him as well.  

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.

Replaced 24 old, rotted wood windows with new low E vinyl windows, replaced 9 old broken wood exterior doors with new steel security doors w/ master key deadbolt system, added one bedroom w/ lighted closet, and lighted closet to existing bedroom, 2300 SF of new carpet installed, 700 SF of engineered hardwood installed, 3 new water heaters, 2 new exterior electric services, 2 new interior breaker panels, new paint on all walls and trim, 4 new shower surrounds, 4 new countertops, 4 kitchen sinks.

I had my local realtor put in an aggressive offer sight unseen and the owner took us seriously - let us in right away to see it.