Through a carefully calculated rent escalation plan and upgrades, we are confident this property will produce favorable returns for our investors.

Through a carefully calculated rent escalation plan and upgrades, we are confident this property will produce favorable returns for our investors.

It also did allow me to scale up a little faster as I was able to start two more projects during this time due to my leveraged positioning.Here are the stats as of today from my Stessa portfolio tracker:My original goal was to refinance out of this property, but given how well it cash flowed and how long I had to pay back the credit cards, I ended up just keeping it free and clear in order to maintain a solid cash flow stream (it's currently the only property I own that is free and clear).In the next few years as the area continues to gentrify and appreciate, I may do a "BRRRR" on my own property (minus the B for Buy) using a renovation loan in order to raise the rental income to the next tier where it could support a refinance while producing similar (or better!)

Please note both properties are located in hot quickly appreciating zips, also note both can be great cash flow producing properties opportunities (each owned separately free and clear, no mortgage).

Originally posted by @Whitney Hutten:@Gustavo Juarez I wouldn't get into buying properties all cash or super cheap ones either, especially until you have explored other options. 

The cash producing side and the investment side.

I agree with @Brie Schmidt, Commercial loans also look at the income produced by the rentals as a factor. 

@Whitney Hutten Thank you for taking the time to reply and share your advice.

The thing that caught my eye is that @Scott Kunz mentioned he might have a tool to sell after testing it and I think for the the cost of development that he mentioned, about $400, it's a great idea to develop what has the potential to produce as much income as another STR.  

He did an inspection for me last week producing his typical very thorough report.