In your case though, I've heard of people in Denver proper with duplexes who parter with LTR tenants (you could put them in the basement) who will co-host with you and be able to get a STR permit since it's their primary residence and you can work out a profit split for the STR or some kind of reduced rent for your LTR in exchange for helping you and you being able to keep the STR runningJust a creative idea I wanted to toss out as a potential plan B or plan C!

I don't plan to buy anymore unless I do a 1031 exchange.

not to mention you can go on E bay and for 50 bucks or less you can buy any Guru's printed materials or tapes.. they all give them at the start of their seminars in exchange for the big fee's folks pay to go.. 

Cash-out refinancing can be a great way to leverage equity, but there are other strategies you might want to consider to hit your goals faster.1.1031 Exchange: Rather than just refinancing, you could trade up to larger or better-cash-flowing properties tax-free through a 1031 exchange.

@Bradley Hendrix, You can allocate the proceeds any way you want, as long as you purchase at least as much as you sell for, and use all of the proceeds in the 1031 exchange.You could sell the apartment and purchase Two SFHs with a 1031 exchange. purchase one for cash and the second with debt.

Zillow’s Market Reports: These show market appreciation trends across different cities, helping you spot high-growth areas.5. 1031 Exchange:If you sell your current property and reinvest in a higher cash-flowing property, you may want to consider a 1031 exchange to defer capital gains taxes.

Consider bringing in a partner who can help fund the rehab in exchange for a share of the profits.

Just sold my 3 unit and did a 1031 exchange into a 6 unit.

Partner with Other Investors: One option is to collaborate with other investors or partners who might be willing to put up the EMD in exchange for a portion of the profit.

I think we could exchange some valuable insights!