Always think of why you started, remember that great things never came from comfort zone. 

Save up.Perhaps, if you feel the urge and are comfortable with higher risk, you can use the money you have now to advertise, sending yellow letters to distressed property owners in the hopes of picking up a place below market value using hard money and rehabbing it to refinance cash back out, but it's not always the best idea to start with a complex purchase with tons of moving parts before you've jumped in the game the traditional way.Best of luck, whatever you choose to do!

Really, I think that's the final step to maximize efficiency and stability with reserves.What are others doing out there for their reserves and capital management concerns?

Once rented the cash flow would more than make up for the difference in my personal mortgage and if for whatever reason it didn't, our current income could handle it comfortably.

You have many options, you just got to continue to think of what you are comfortable with and what exit strategy you might have.

I either have to find another lender that would be comfortable with the deal or I would need to get one of my investors to guarantee the loan.

It will help you get more comfortable with what is a deal and what is not. 

I will keep reading and gaining knowledge from others as well as the areas I want to invest in until I feel comfortable to make a move.

If you buy a house that is turnkey you “HOPE” it’s all set to go so it “Should” require less of your time.What do you feel comfortable with?

For funds, remember you're allowed to use 401k / retirement accounts, if you're comfortable with that.Good luck!