I recycled the rental agreement assuming that if you wanted to have one with me that you would let me know.

Just recycling alllll the time.

@Lorenzo Swinton definitely look at some opportunities to leverage to recycle equity you can amortize this or look at a HELOC depending on how much/how fast you want to grow making interest only payments can help you recycle your cash flow also.

The Refi would be recycling the money again and again as well. 

As for strategy, if you have enough in the HELOC (or cash after a refi) to buy and rehab properties outright so you can BRRRR, that will let you grow the fastest since you will be able to recycle that money over and over. 

One was a 3bed/2bath unit set up for ten guests, but it had a small 3.8 cubic foot dorm fridge that couldn't hold fit a gallon of milk and they didn't have a single picture, clock, or other decoration on any of the walls.

Investors would be able to purchase properties through easy qualification based on long-term market rent, plug them into their fine-tuned STR machine and then execute a cash-out refinance a year later; banking higher leverage and recycling STR cash flows into more properties.In 2021, during a blazing-hot real estate market, property prices were rising and investors who had become professionals in the STR space began struggling to qualify to buy properties that wouldn’t qualify under long-term market rent.

It is not the only way, but it is useful starting out to be able to recycle capital.

I’m basically recycling funds or at least trying to every 3-6 months.

Imagine doing a brrrr and in 7 months it’s rented and you do your refi and when done you’ve got $70k instead of $60, because you did such a gosh darn good job getting all that capital recycled back out, and your value was so worthwhile that the appraisal comes in above what you expected.