Too soon for the next property?

[Derek Luttrell]

Hi Everyone, 

I closed on my first property two weeks ago, and my new roommates have since paid me their first rents. I ended up putting much less cash down than I had anticipated, and the roommates are paying 88% of my mortgage/fees/HOA etc.

So, I'm 25, hungry for real estate, and still have $40k and some change in the bank. I've found a duplex in Indianapolis listed for $89,000, rents for $1300 total, and is occupied with both tenants wanting to renew their leases in October. New roof in May 2017, new furnaces, water heaters and A/C two years ago. Based on the photos in the listing, the tenants decorate nicely and really seem to care about their home. 

Out of curiosity, I reached out to the lender who helped with my first property, and now I have a pre-qualification letter in hand at 25% down, 4.75% interest, total estimated monthly payments of $575. This makes things a little more real now. 

I obviously need to head down to Indy and go see the place, but is it risky to jump into this 2 weeks after closing on my primary residence? The snowball effect is real, so does anyone else have experience with jumping in like this so soon after their first purchase?