Four properties were existing STR's that had a permit 'transfer' and the other half were eligible properties that successfully launched with astounding success.

I’m a full-time sales professional at a global GSI, so I’m seeking relatively efficient strategies.Has anyone successfully used cash-out refinances, 1031 exchanges, or other equity-based approaches to boost income?

Of course we wish you the very best of success with this investment.

Greater chance for success versus another location. 

Just in my opinion, Im pretty sure there are successful out of state investors but i just dont recommend it being your first buy just thought id add that!

It seems this investment was incredibly successful for you, but the resale is most important.

I have done it successfully on my last 2 buildouts, maybe 3, but only because I was able to acquire the properties at a very low price and I did all the work in-house (myself and some hired hands on staff).

Because the chances of successfully concluding a wholesale transaction when you lack experience, knowledge and capital are so infinitesimally small that you’d be better off playing the lottery.  

The success of that venture set the foundation for my career in real estate.

I wish you success as you expand your business also.