I have a pretty large emergency fund in place for those properties, but I wonder if that capital could be better employed elsewhere (potentially acquire another property).  

Hey Gene, for your situation, you probably need to get a fix&flip loan to acquire and do the renovation.

I am using a conventional FHA loan to acquire the property.

The idea is the product of an ah-ha moment late Friday afternoon as I was scrambling to put the pieces of this puzzle back together.

Yes, it's true that you might be able to find a product you need at a greater discount when a brand like Wayfair or CB2 is having a sale, but I've found that they truly do offer superior discounts at scale, even considering the fee. 

Quote from @Andrew Steffens: I am curious what products exist?

Also, I'm not familiar with their 2-year "teaser" product.

Hello,I am a Software Engineer and a Real Estate Investor working on a tech product for the real estate mortgage brokers.

When you go to a Bank or Credit Union, they can only offer you what products that bank or credit union offer. 

Don’t forget practical items like toiletries, a cozy blanket, and a handwritten welcome note.To balance cost and quality, consider buying in bulk or looking for local products that offer great value.