How to take out second loan after just purchasing home

[Jeffrey T.]

Hey guys, 

Im very new to this site so Im still in the learning process. I recently purchased a home in Michigan and I have been thinking about boosting my future earnings by investing in rental properties. My question is what is the process like to get an approval for another loan since I just purchase a home about a year ago. I dont expect to apply immediately since my chances of getting approved is slim. I do hope to work for another year then circle back to this thought. But for now I am just curious if rental property loans would be the same as a primary resident per se. Thanks!