Once you get your foot in the door, stabilize the STR, and wait a small seasoning period you would be able to preform a cash -out refinance and hopefully pull out your initial investment so you can recycle the money.  

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Here are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

They don't play games like auction.com, which allows the seller to bid up the price, and the recycles the listing if the reserve is not met.

Our plan is to ramp this up and have about 2-3 ongoing at any time (possibly more depending on our ability to recycle and grow our funds).So this is complicated!  

Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.https://www.dispatch.com/story/business/2022/01/21/intel-ohio-building-computer-chip-factories-licking-county-jersey-township/9173472002/ Here are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0 https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus

We liked the idea of "recycling" our cash to keep acquiring more cash flowing rentals.

If what you need right now is to create some funds for yourself to then reinvest into more deals after this one, then you can go the flip route (taxed) or even research the BRRRR method where you can pull recyclable cash out (tax-free) and keep it as a rental.

If you went to the grocery store to buy a carton of milk, but all the cartons at this store were leaking, would you buy 1 of those leaking cartons rationalizing that you could salvage some of the milk by drinking it really fast, and then transferring the milk (or what's left of the milk) from the still leaking carton to the empty carton of milk you are replacing at home?

I have always gotten post cards and yellow letters, no big deal, I removed them from the mail box and put them into the recycle cart directly. 

Never combined it with hard money, but I'm all about recycling my equity.