So while it is essential to understand historical cap rate trends, it isn't necessarily a good benchmark to determine the true value of a property.

This is true even now when you use your personal account. 

Simply not true.

If the above is true what happens when it’s 50% occupied?

We have built business credit through Unsecured working capital such as a business  credit cards, lines of credit, and small business loans. 

Home equity lines of credit and credit cards.

@Douglas Brian ClarkHey Douglas,I think a good place to start is with a true self assessment about your own personal financial situation.  

Hahaha, this has gotta be the most sarcastic, yet true response I've seen here on BP!   

Is it true that I won’t be able to refinance them under a new LLC that has no financial record regardless of the equity in them?

@Eric P.We let our guests know that we accept direct bookings in several ways: post-stay text and email follow-up, post cards and business cards displayed in all our properties, giving each property a unique name and promoting it on social media and elsewhere so guests can do a quick Google search on our property name and we appear everywhere.Increasingly, we are seeing even some first-time guests seeing our property name on the big listing sites, then finding us with a Google search and booking directly on their first stay.