Purchased first rental with FHA 2 years ago. What do I do next?

[Dylan Succa]

I purchased my first rental property 2 years ago. In the beginning it was an owner occupied home as I lived in the first unit and rented the second. Per the terms of the FHA loan I lived at the property for 1 year. After that 1 year I moved into a house that my girlfriend owns. I now rent both of my units. The property has a pretty nice cash flow.

I am interested in buying more properties and continuing in real estate. I used the FHA option because it only required 3.5% down. Since that option would no longer be available I am assuming that I would need to save for a 20% down payment. I don't have amount of cash on hand at this point. What are my other options? Am I moving to quickly, should I just be patient until I can afford the 20% down.

Thanks,