Next Strategic move — Help!

[Daniel Pitner]

Hey guys! My wife and I are struggling with what our next move should be. Our current situation :

1) 1 STR

2) 1 primary residence (would make a great STR)

3) 1 prime lot to build a house hack

4) 40,000 cash for next investment

option 1: buy another primary residence and rent our current home. We’ve been looking but the market here in Phoenix is just insane

Option 2: buy a cabin to use as a STR In the mountains. Same problem as above—we keep getting outbid

Option 3: build a new build house hack. Con to this is our housing expenses go up, even with the house hack

Option 4: something else? We are ok with leveraging.

Any other brainstorming ideas you have would be appreciated!