They will almost certainly demand a proof of funds letter too.

Plus equity growth would fund the down payment for second property through a HELOC.

Use less of that and either get the seller to buy down your interest rate or you can do it and have a comfortable mortgage payment and still plenty left for your emergency fund.

While I manage my expenses responsibly, I don’t have a significant amount of capital leftover each month to invest in holding properties or funding larger ventures.That’s why I’ve been exploring wholesaling as a potential entry point into real estate—it seems like a feasible way to build up the necessary capital while learning more about the market and the process.

Focus on keeping your family happy and find another means of funding your investment.

Low 7s is probably the right range right now, however we are still funding a good amount in the sixes range right now as well.Many thanks for any insights & guidance.Tim 

They seem to do a lot of rehypothetication loans for many funds that I buy loans from.  

Do you have any other involvement other than providing funds? 

Build an emergency fund to cover unexpected costs, and ensure you can manage the mortgage without STR income if needed.

The buildings are getting older and they don't have the funds to do the repairs.