It should be as easy as converting one conventional loan that cashflows well to a Debt Service Coverage Ratio loan or DSCR.

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

Wanted to both reduce our debt load and also take profits off the table. 

And for vast majority of persons delayed debt payments results in accruing debts, because they find they have less left to pay down than hoped.

. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

so i had zero debt or interest payments on it while it was being fixed up. 

Pooling investor money into a debt fund is another option for you, but seems outside of your current approach, Brendan. 

While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.

@Mary LopezNot sure if you're still looking for debt, but credit unions are a great place to look right now in this part of the market cycleGino

@Seth RolandLoans like bank statement loans or DSCR (Debt Service Coverage Ratio) loans could be great options.