Over the next 3 - 5 years I plan to 1031 exchange all of our single family homes and purchase another 40 that won’t have mortgages (we use the lease option model to sell our properties to maximize profits so we cycle through properties every 3-5 years).

I’ve explored options like using a HELOC, cash-out refinance, or leveraging my home as collateral.

@Spencer ManningYour other questions were answered except for last one.S8 vouchers are for a specific number of bedrooms and rent amounts.So, a S8 tenant must find a property with rent that does not exceed their voucher amount.This stops S8 tenants from renting Class A properties and most Class B.Currently, Fair Housing does NOT protect source of income, so unless a state or local government has passed a law stating otherwise, landlords do NOT have to accept S8 vouchers.

I wrote this not too long ago about why I think turnkeys are a great option for newer investors-https://www.biggerpockets.com/renewsblog/turnkeys-...Hopefully that adds some info in for your to consider and anyone else reading this. 

Any tips or tricks on how to source fixtures and finishings or general construction supplies?

Pooling investor money into a debt fund is another option for you, but seems outside of your current approach, Brendan. 

You buy the right to collect the remaining amount left on the defaulted mortgage.Once you have the mortgage note you have a few options to move forward.

Investment Info:

Condo buy & hold investment.

Purchase price: $595,000

Cash invested: $125,000

Purchased with the intent to lease to the tenant. This tenant intends to purchase the building in th...

The other thing to note is most times Pref equity is pretty save assuming a 10-20% market correction but in 2021-2023 we saw a 30% correction meaning pref equity in deal specific deals were underwater without any options.

Do plenty of research and find out what other mistakes have been made in your are and learn from them.Both are great options but maybe doing a simple pros/cons list for both STR and LTR.