Congrats$40k is kind of high. 

Quote from @Grayson Grzybowski: @Crystal SmithThank you for taking the time to provide your insight on the questions I have asked.For your introductory statement, I understand this is how debt should be used. 1) I have already went out of my way to ask for as high of a limit as I can just to have it on stand by. 2) I am trying to build value into our home to increase the equity faster so I can utilize it as leverage in time. 3) I have already reached out to a lot of different investors and have their terms & conditions at hand. 

Preferably since we are younger sponsors we initially avoid high octane bridge loans, instead vying for capitalizing renovations with equity and a 5-yr fixed rate loan.

However, the mortgage and taxes are too high in this home to go that route.

So ask yourself why you want to restore VA eligibility at so high a cost?   

These benefits are available to all rental property owners, although high-income taxpayers may need to carry forward losses due to passive activity limits.This post does not create a CPA-Client relationship.

We thought that was a bit high.

In addition, several items can be done simultaneously (I highly recommend this to save time as time is your enemy) such as doing the exterior siding or stucco at the same time interior rough electrical and plumbing is going on.Foundation is always first and rough framing follows that (which includes windows and exterior doors).

Given your experience and strong financials, you have some solid options:Commercial or Portfolio Loan: These are tailored for investors and can help you avoid personal guarantees, especially since you have an LLC.BRRRR Loan (Buy, Rehab, Rent, Refinance, Repeat): Some lenders offer BRRRR-specific loans with funding for purchase and rehab, allowing you to refinance based on the new ARV once stabilized.HELOC or Cash-Out Refi on Current Rentals: Tap into the equity on your single-family rentals to secure funding for the 4-plex purchase and rehab without high origination fees.Each has pros depending on your cash flow goals and timeline.

In the Tahoe area, some HOAs have a high percentage of STRs, making it easier to invest in those complexes.