Purchasing rental properties, currently flipping

[Charles Wilkes]

A little about myself, I was in new home construction until the market crashed. I held onto a few pieces of overpriced property and built on them and sold for a loss in 2012. I decided I wanted to get a regular job, so I did, none industry related making about 45k a year which wasn't enough to cover my bill's. I decided I wanted to get into flipping houses as a side gig for extra money, and I new the home construction business, so that's what I did. At first finding profitable properties was easy, I'd work my regular job, contract out most of the work, manage the project, sell repeat, all with my own money. I noticed after my first few, profitable properties were getting hard to find and I was doing more of the work myself because the margins were getting so small. The house I'm currently working on took me a year to find and I'm doing 90% of the work myself, on weekends and evenings and have zero free time working 70 hrs a week. So, I've decided I'd like to get into rentals. Now my question, thanks for sticking with this long winded post, how do I go about financing my rentals and still make a profit? I don't show much income every year, very little, my flips and income just barely get me by after expenses, I'm just existing year after year while putting no extra money away. After I sell the house I'm just back to square one which is about 200k of my own and 150k against my personal house. I still have great credit but show little yearly income. I need to know how to finance rental purchases and still get a decent monthly rental income....what's the magic sauce. Thanks for reading and responding to my lengthy post.