We've secured many tenants who didn't know that we were actually the perfect match for them when they started their search.

I noticed some T accounting shows matching liabilities, so I'm a little confused as to whom the actual lender would be in that instance.

https://azbigmedia.com/real-estate/multifamily/phoenix-ramps-up-apartment-construction-by-18/There is rapid expansion to match the flood of new people with LA more or less being land locked.

Also as Don mentioned I saw many private money HML melt down when they took on PPM type investors and did not have deal flow or could never match money raised to deal flow..

I am profitable right now (cash flowing between $1200 and $2500 per month depending on the season), but don't have any desire to raise my monthly payment with a cash-out refi (nor am I likely to match my current rate).

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

And not to mention no stock matches the dividend rate one can get in real estate with such low risk/volatility. 20yrs ownership, oh-yeah, cash-flow on renting it would be HUGE now so it's easily comparable to a 20%+ monthly dividend, if not more.

Can you mix and match tenants to fill a larger space?

The next big hurdle: You'll need to basically perfectly match either the loan or loans you lend on to the amount you pulled out to make that theoretical 5% spread on the arbitrage. 

Can you generate custom reports in Buildium to match the Stessa required format?