Have you considered other creative financing options instead of tapping into your home equity?

My business partner and I purchased a commercial office building a few years ago with creative financing.

If you have enough money but your business is the main driver of income in most cases you can make more money putting time into the business.You could also get creative here.

I have never heard of someone house hacking with an STR, that is super creative...

I also know a guy that does a lot with creative financing on the I-5 corridor but he is mostly Wrapping them or fix and flips. 

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?

You would need to be a bit more creative but for sure possible.In the private message sent to Adriano, I shared a commercial space that we are converting into 8 tourist units.

Personally, I used a business credit card to fund a BRRRR deal, securing over $90K in credit with just an LLC and a solid credit score.There are many creative financing strategies available, so don’t let capital be a barrier.

If you aren't standing out in the first 30 seconds with eye-catching design, you're leaving money on the table and missing occupancy that could be yours.If you're interested in brainstorming the creative end, this is our bread and butter!

Since moving into another fixer-upper isn’t ideal right now, consider leveraging your $40K for a low-money-down investment, like house hacking a small multifamily or using creative financing (seller financing, subject-to, or partnerships) to avoid tying up all your capital.