And despite getting rents that absolutely justify a higher appraisal from an investment standpoint (rents that are 2%+ of the ARV or appraisal you're asking for)I have not been able to find the logic in it, but it makes the refinancing difficult. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Would it be logical to STR instead of LTR after project is finished and I move out (I no longer have to U-Haul furniture across the US 2x a year and I can look for markets beyond the Southeast and Midwest)?

I mean, if you think about it, the fallacy in logic doesn't even hold up in most cases.  

Don't read logic into what you might read starting out, it probably doesn't apply and you'll try to look at irrelevant factors to evaluate some aspect and your head will explode or you'll make bad decisions.

You all REALLY need to start becoming smarter, more intelligent, more analytical, and THINK about things before you just do crap just because 300 other clowns are doing the exact same thing.Love me hate me, don't care, just take my advice and start changing your life and become successful through a logical and analytical system.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

I am just trying to understand the logic.

That would be more logical. 

If I get a commitment from one family member for $1 million and end up using $400,000 is there a logical way to keep track of that beyond contracts lawyers draw up for us?