I Own one and want two.....

[Jerry Ruday]

Hello to all. This is my first post on biggerpockets and I am excited to get involved. Recently I purchased my first investment property. A Victorian styled home, wich is a commercially zoned duplex. The downstairs is an antique gift shop and I am updating and remodeling the upstairs into an apartment. I am 3/4 of the way done and I want another one. I have had my eyes on a few in my area. My question is How to go about it..... my credit is kind of shabby, should i draw up a nice business plan? should i hold out and let this build equity to use as collateral towards another property? I am open to any and all suggestions. Thanks.