Single Family Portfolio Building

[Ben McMahon]

I have a small Portfolio of SFH. About a dozen. They are good because I own a management company that can handle them, and the income is respectable. It took awhile to build, and I would love to hear some opinions on building it faster. Here are my obstacles

1) Capital - Always an issue. - UP until now, I have used Private investors to fund my deals with cash, I refinance, and pay them back with interest.  The process is painstakingly difficult with the banks, and truly hate dealing with them.  Also, the margins are tight paying a 10% interest to my private investors.

2) Good Properties - I find it hard to invest in areas outside my immediate geography.  Since paying management fees eat up most of the income.

3) Paying myself - I have plugged people into my system so that it mostly runs itself.  I have my construction guy, a real estate agent, a property manager, and accountant.  So I am primed for bigger things.  It seems like I always have the money to pay my people, just not myself.  

Thanks BP