Bought a SFH. Want to rent it n buy another

[Patrick O.]

Hi, about 3 months ago I bought a 4 bedroom SFH in the Roxborough section of Philadelphia. Before moving in I chose to make some upgrades to the home such as adding a 2nd bath, fresh paint n fixtures, etc. During these past few months working in the property I've come to the conclusion that the home is a little big for my liking. I've put out some feelers and have a tenant prepared to rent the place for a minimum of 18 months. I would like to buy a smaller home in South Philly. Wondering if I would be able to get a home loan on it or if I would be forced to purchase it as an investment property? Could I count income from the rental on my new loan app? If anyone has any experience with this situation or advice it'd be greatly appreciated. Thanks