Down Payment Options when you own your first property

[Carrie Smith]

Hi - 

I'm curious to know what other people have done who are in a similar situation.  I own my first home so I don't have a mortgage payment any longer.  I want to invest in a rental property, and I'm researching my options.  Do you have any resources that I should look at to investigate low or no down payment options? I could make a downpayment up to $10k if I save it up, I think that is totally doable, but that usually doesn't come close to being 20% of a property.

Is taking out a mortgage loan on the property that I have paid off a good idea or a bad one? 

Thanks for your thoughts!

Carrie