At the end of the day, it's still technically a Single Family Home with an extra unit to help offset expenses, but not a "true" investment property or legal duplex.Does anyone have any ideas on creative ways to finance building this (besides Refi or HELOC)?

Usually HELOCs are for short term purposes so it would make sense if you can generate enough STR income to pay off relatively quickly

I am not an expert in this area but I'm thinking I could possibly use my HELOC for the land and get a construction loan to build the home and once finished roll it into a conventional second home loan.

Put another way, when 5% is the easy money, then I tend to think there are reasonable opportunities to make more than that.The bank is just a "spread" trader actually.During cheap money era they borrow money from the Fed with 0.5% rate for example, and then they give us mortgage rate of 3% rate and 7% HELOC.

This is DR Horton SFH, and is a newly built single story 4 bed, 2 bath that is surrounded by expensive MI homes. 3) Move into the townhome. 4) Use my $130,000 HELOC as an emergency if rent defaults do happen and save for a year until I reach my emergency fund goal of $41,000? 

Then you could sell, take out a HELOC, or refinance to pull the cash out. 

I have used PenFed and TD Bank for HELOCs on investment property.

@Michael Tompkins get a HELOC

Hi Bhrgu, there are not a lot of lenders/banks that will do a HELOC on an investment property.

I owe 400k on the house, so about 300k worth of equity just sitting there.1.I can get a HELOC and use the money for BRRRR, the problem is, I can't find anyone that is giving out loans for investment properties, I have tried most banks, up to PenFed, nothing so far.2.