Best way to fund a rental property

[Justin Pokrywka]

Hello all, I’ve been thinking a lot about buying a rental property this year. I currently have a rental that used to be a primary residence. After all expenses we make about $250 a month on that one and I have another rental Im just starting to manage. That makes me about $800 a month because I’m managing it plus I fixed it up for 10 months to get it rent ready. That is why the fee paid to me is so high. After 2 years it will go down to a typical rental management fee. I’ve been wondering my how to fund a deal. There are a lot of potential rentals in my area with good cap rates. I have an 800 credit score with no credit card debt, however I am self employed and on paper my wife and Its shows we don’t make much, I think after taxes it was about 25k last year. We also have 3 kids. Before taxes we pr abbot make around 50-60k total. Any suggestions on how to fund a rental deal? I also have some savings I could use for a small down payment. Thanks Justin