@Shannon L Fogarty the tried and true technique here is to ask other investors in your market who they are using.  

It may become not worth the effort, since you will likely need to run a dormer of some sort to get more head height.  

I predominately work with out of state investors looking for cash flowing rental property in our market. 

.), or to assign a contract to buy to other potential investor with my fee factored in (which, frankly, isn't a net profit at all, it covers countless hours and thousands of dollars spent on marketing efforts, to find a motivated seller of distressed property and successfully close a deal).

This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.

Different markets have different strengths, and as I understand Detroit is a strong market for cash flow. 

It depends on the market IMO.  

I've personally seen concessions up to 8 weeks free plus a 6 hours of free moving as an example for what some apartments are offering as concessions to fill up their communities.As the market continues to evolve and more apartment communities become available I suspect there will be more concessions for renters to take advtange of as supply begins to outpace demand.

The current market value of the NC property is around $260k, with an outstanding mortgage of about $160k, resulting in approximately $100k in equity.My current residence in Beaufort, SC is a 4-bed, 3-bath house with a higher interest rate of 6.5%.

I find data on free sites like Zillow extremely helpful for days on market for certain homes, and it allows you to sort by bedrooms to see how long a potential property may sit on the market at this moment (great for comping rent prices in the area as well)if I were to live in the property, I would take advantage of the FHA low down payment option to keep cash in my pocket for Reno costs  Hope this helps!