It also did allow me to scale up a little faster as I was able to start two more projects during this time due to my leveraged positioning.Here are the stats as of today from my Stessa portfolio tracker:My original goal was to refinance out of this property, but given how well it cash flowed and how long I had to pay back the credit cards, I ended up just keeping it free and clear in order to maintain a solid cash flow stream (it's currently the only property I own that is free and clear).In the next few years as the area continues to gentrify and appreciate, I may do a "BRRRR" on my own property (minus the B for Buy) using a renovation loan in order to raise the rental income to the next tier where it could support a refinance while producing similar (or better!)

Please note both properties are located in hot quickly appreciating zips, also note both can be great cash flow producing properties opportunities (each owned separately free and clear, no mortgage).

Awesome story and some great innovation on adding value to a property in a high cost of living environment!

The cash producing side and the investment side.

I agree with @Brie Schmidt, Commercial loans also look at the income produced by the rentals as a factor. 

The thing that caught my eye is that @Scott Kunz mentioned he might have a tool to sell after testing it and I think for the the cost of development that he mentioned, about $400, it's a great idea to develop what has the potential to produce as much income as another STR.  

He did an inspection for me last week producing his typical very thorough report.   

If it's good, then you proceed with the purchase.If he can't produce a copy of the agreement or if the Option period has passed, you have nowhere to go and it isn't valid.Don't try this on your own.

@Ryan Cleary all new agents go through it, every top producer started in the same position.

Thats the thing, the commercial units are not paying market rent and struggling to produce any income.