First property close to closing. next strategies..

[Boo Ja]

Hi! I'm in the process of purchasing the first property (primary residence) and I'm curious what options I'd have for the 2nd property. Since I'm putting down the least down payment for the first one, I won't be able to refinance for at least 1-2 years. There will be small cashflow from the property (~8k/yr). I'm looking for what ways I can take if I'd like to move forward to the 2nd property ASAP.

I think the biggest hurdle would be the downpayment since it'll be at least 25% for the investment properties. (vacation home as 10%?)

A couple of ideas I have so far:

- get a small single-family house (~300k) with small cashflow as investment property (25%)

- get a multifamily in cheaper cities e.g. Cincinnati (400k-500k) as investment property (25%)

- get a small single-family house and run an airbnb... (maybe get as vacation home since it'll require 10% down payment?)

If anyone knows any other ideas, it would be greatly appreciated :)