Funds from our home or wait....

[Tara Yoder]

My husband and I are working on our first deal, we have been researching, reading, and listening to podcasts, etc. We are in need of some advice about acquiring our start-up funds. We have been kicking around a few ideas and need feedback on the ideas - 

1. Cashout refi our current home - Would give us about 80,000 to put towards deals. Would this raise our Debt to income ratio and limit us to only commercial property?

2. Partial Cashout refi  - take out 40K in equity and invest the money for a couple years in a turn key or syndication to build up our working capital.

3. Save money each month to build a startup fund - currently, have 5k  adding about $600 per month.

Ideas, suggestions feedback all welcome! Thank you.