Are you interested in S8 because of a personal reason or you think it's the next "hot" investment idea?

Personally, I would hang on to the cash.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

The drawback is you need to build trust and relationships upfront.Both have their place, but private money tends to offer more flexibility, while hard money is more structured and accessible if you lack personal connections.

Yea this is a long-term personal play more than a strict STR deal. 

Balance data with personal priorities.

The cost to repair your vehicle, and perhaps the other person's car, will be WAY MORE than the cost of the insurance premiums you saved by not having insurance. 

This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.

I got a deal on labor as I know the contractor personally and helped out a bit with the project.