Is anyone else aware of reasonable alternatives?

I'm hoping this forum can help me understand what my alternatives are.

It could impact your home equity and financial security.For a safer and more specialized alternative, consider a Fix & Flip loan. 

Quote from @Tim Delaney: Quote from @Nilusha Jayasinghe: Quote from @Tim Delaney: It sounds like you would be in a good position to invest some or all of the RE emergency fund in a “safer” index fund.

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.

So I’d like to hear your strategies on the best ways (safer ways?)

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

We estimate the project will take less than 3 months to complete.I’m exploring alternative short-term financing solutions and would appreciate any advice or recommendations on options that might work well for this type of project.Thank you in advance for your insights and assistance!

Also, I am considering alternative financing options (beyond Hard Money).

Based on your description, Party 1 seems like the safer choice.