Am I ready to purchase my second property?

[Shane Welch]

Is it too soon or a bad idea to buy my second property right now?

Last June I bought a duplex using a VA loan with no money down and boy has this been a hell hole. Problems and problems, but once It's complete It will be bringing in some decent monthly income. My family and I have been house hacking it and slowly renovating our unit and will do the same to the other side.

I would like to out offers on another duplex/triplex starting this month, and use a FHA loan, and will move into the property in June, to fulfill both the VA loan/FHA loan 1 year requirement. I want to get a place that is more turn key than this last one, and my question is if i'm being too ambitious or if this could work out well.

Thank you, let me know if you need any more info guys.