@Jorge GarciaI would look into bringing on a partner if possible or getting a different type of loan than refinancing your homeHave you also looked into a HELOC as well so you can keep your first mortgage ?

Without having the cash on hand I'm wondering if a private money loan is the only type of financing to work around this barrier.

I do wonder if this could be accomplished with a 7 residential unit and using one unit as a short term rental though. 

Without knowing all the info, I would lean towards holding it and taking a loan against it to use for other investments.

With my line of work not being around all the time I was curious of this since I would be able to manage lease agreements, advertising if needed, long term projects, rent collecting, and reporting. 

For the past two years, I have been doing mid-term and short-term rentals for two of the bedrooms. 

Couple of things to consider for your question.In terms of software, it depends on what part of the management you are trying to work on.

I have recently been learning about wholesale real estate and creative finance and thought that they were amazing ways to get into real estate without needing large amounts of capital on hand or taking out a high interest loan.

If she's not happy with those terms, she's welcome to take the happy clause and this one time only, you will allow her to break her lease early if she's out by the end of the month. 

Hiring a professional designer for short-term rentals can bring several benefits that enhance the overall guest experience and property profitability:Enhanced Aesthetic Appeal: Professional designers can transform a space into an inviting and visually appealing environment.