In the realm of finance, understanding the intricacies of various loan options is paramount for both borrowers and lenders alike.

Options:1.

Your client is right though, using a DST as a backup is a good option. 

It feels a little overwhelming to realize there are so many different investment options out there.

This option would require assembling a local team as I'm considering forgoing a property manager.D) Invest in a Better Maryland Area: The goal would be to find a property with higher appreciation potential, though I'm aware that the cash flow might not match what I'm currently achieving.Given the unique circumstances of my current investment—significant appreciation, a specific tenant base, and a low mortgage rate—I'm weighing these options carefully.

I would recommend first establishing what your financing options are based on your cash on hand and cashflow expectations....  5% down? 

Whats available - private money or HML will likely be very pricy.One option could be to look at HELOC options on the investment condo - probably not going to get to the full $100k but could help. 

It was not an option in our house to rent year round.

If i were to airbnb it out for the last few weeks of December, would i be able to use the short term rental loophole to do bonus depreciation on the property (with a cost seg of course)?

Before you go looking further into options, do note that using bank financing like a 203k to cover construction costs comes with a lot of extra paperwork.