How to find the right captial for family housing rehabs

[Alethea Sealy]

Hi. I'm really excited to be here as a new investor. After purchasing 4 properties I am running into what most do: I have used most of my capital. Now my partner and I need investment capital. We buy depressed properties, rehab and rent to low income families. 

Renter profile: my first renter is very happy. Delray said "My husband and I plus three kids under the age of two had been searching for something to leave the extra family room of my in-laws. But finding something deceit in Detroit on a one income budget was a challenge. She said thanks to the affordable price of my rental her children have plenty of room to play and rest. And she can take care of the kids with out worry while her husband works the night shift".  Also another renter is quite satisfied with the affordable rent, he is a handyman. Craig exclaimed, "This is great between gigs to be close to downtown work sites. I just broke up with my girlfriend and didn't have time to look and work". He is very grateful for the low rent and space for his tools for his growing trade. 

So far so good. But we now would like to pick up the pace finishing a project and acquiring a couple apartment buildings instead of the multi family units. We would like to keep providing working folks with a place to raise a family or concentrate on rebuilding a career. 

Do you have a similar project? Did you run into a pressing need for immediate funding and a future purchases? I know a reasonable investment with a good return is between (8 - 15%) in a reasonable duration. But how did you do it without going the mortgage route, because the properties we buy are under 50K. Are there specific funds for family oriented properties? Advice needed.