New invester, Trying to find best strategy for my situation.

[Sophaul Ajay Proeung]

Hello everyone, I'm new to biggerpockets. So I'm not sure if I've done this right but hopefully I can get some positive feedback. So I am getting ready to start looking for my first investment property and wanted to know which strategy of financing would be best for my scenario. I'm located out in Palm Bay FL and realized with the market down here my best investment strategy would be long term rentals with a new construction home. (New construction homes are selling for 220k-300k currently) With great rental potentials. I understand that getting a conventional loan will cost me to put 25% down (55k-75k) but with that it would take me about another year and a half to save up. I'm currently at 20k and want to try getting my first property as soon as possible. I do currently own my home I purchased last year but don't have enough equity for a HELOC just yet. Hopefully I can get some great ideas from everyone, I know they're are tons of strategy's out there that I still don't know or haven't heard of.

[Scott Schuetz]

@Sophaul Ajay Proeung can you move out of your current home and rent that out? You could buy one of the new construction homes with a low down payment loan for owner occupants and live there.