Have you considered refinancing your STR to pull out cash to apply to a purchase in/around UTK?

it's not happening.now, equity can be turned into cash flow, by refinancing or selling. 

Refinancing game is tricky.

But if refinancing doesn’t leave you with enough equity for future deals, you might be better off flipping for cash and avoiding a lot of refinancing headaches in the short term.If you’re planning to buy your sister out and retain full ownership, you’ll also want to ensure that the numbers still make sense on a long-term hold.

Are you thinking of getting into BRRRRs (rehabing, refinancing and then renting out)?

Have you thought about refinancing into a DSCR loan or have heard of the BRRRR method?

Then I refinanced down to a 6.6% rate but had to pay points but I think it was worth it because it appears rates are going to be higher for longer. 

How would the refinancing of the modified property work in the future?

Preparing for a BRRRR can involve buying distressed properties, rehabbing, renting, refinancing, and repeating.

The deals that I am doing right now though, I am basically getting the land for free, and building on, refinancing all the cash out at the end, and keeping the rental for basically no money into it.