Financing a fix and flip- What would your strategy be?

[Josh Splawn]

I am wanting to do a fix and flip and curious about financing options. I own an out of state rental, free and clear, valued at around $200k that is taking in just over $1k/month rent with room to go up to around $1300/ month. I have never pulled any cash out of this deal. Also I recently purchased a cabin style home in a mountain town north east of Bakersfield CA. that is almost pulling its weight as a vacation rental on Airbnb. However I am at the point where my debt to income prevents me from moving forward on a flip in Ventura county, CA. where I live, which is where I want to buy. I have considered a hard money loan, I just don't know if that's my only avenue at this point. No one among my family and friends has money to loan, unfortunately. I just want to get feedback from the BP community. I am open to all suggestions!