Heloc vs cash out refi on current primary to purchase a STR

[Caitlin Stables]

We own our primary with an FHA loan currently and we should have about 80k or so in equity based on comps. Is there a better v best way to go about this? We ultimately want to own a few local STR's in the Richmond/Central Virginia area and this would be our first investment purchase. I am a local Realtor here so I have that leg up but as far as the funding and financing options go I am totally green. Any help would be appreciated!!