Figuring out strategic financing for a second rental..

[Amanda Major]

Hi, I’m considering a duplex, (I have 11k cash saved, debt free except mortgage, 36k retirement, and about 60k equity in my home) and the numbers seem right cap ex at about 10%. 120k, rental income 1250/month - I used calculation 1200/120000 to be safe. My question is what would be the best way to finance this property? I have 11k, access to another 30k through my dad, and 60k equity in my home. I’d like to keep my current home (small but cozy) and start generating come cash flow. How should finance this without putting myself in a situation where I cannot buy another property? My current mortgage is $800/mo total monthly expenses are about $2300. We own a business and I have steady income, our combined net income is around 6-9k/month.