How soon can I buy second property?
I purchased a three family this spring with an FHA loan. I still have money left over and by next spring I should have 10% down plus reserves for a sfh in need of renovations. I could then rent out the unit in the first property I currently occupy, the rental income would be greater than the payment for the sfh. Once doing the renovations to the second home and making regular payments I think I should be able to use the equity towards buying another multifamily. If I keep my debt minimal, bring my credit score back up a few points with regular payments, and maintain my income would lenders consider this scenario?