Have first Househack Acquired. Now needing lending for the next!

[Ryan Ness]

I have successfully acquired my first househack in Lafayette, Indiana and it's been stabilized and rented since September of 2022. While living in one unit, and with the other unit rented out, this will produce ~$14,000/yr in gross rent. This home was purchased with a conventional loan at 15% down. I also have around $20k in cash that is ready to use in the next investment. I would likely do a low downpayment loan option such as FHA or the Freddie Mac product - Home Possible, as interest rates have doubled since I acquired this first property and I am more focused on having cash reserves on hand right now to ensure solid cashflow than rather than a lower rate. Are there any lenders that take this rental income into consideration in a loan? I also have a W-2 income that helps but from what my local lender has told me so far, the most they can lend based on my W-2 income right now is $155k. This loan amount may be feasible for some opportunities that are currently available. 

Thanks!

[Ryan Ness]

@Dave Skow thanks for the tip on comparing mortgages. Right now the RE market for me is still tight with little inventory. I am seriously just deciding between 2 triplexes since that's all that's on the MLS near me right now. I would like to go conventional and if it takes long enough to find the next property, I just may end up doing that. I did learn from this 1st househack that it can definitely be good to have extra cash on hand, especially as reserves, which is why I more heavily consider an FHA for this next one. All of these points that you have made are helpful though!