Second property with less than 20%

[Nicholas Goerss]

I currently own 1 SFR that i've owned for a year and a half and used my FHA loan on. Currently, based on a market evaluations, I have about 50k equity in the property. I would like to purchase my second property and plan on buying another SFR in the same area. I currently have ~20k saved and will have more upon the time I buy.The houses in my area are around 300-350k range. My question is if I am able to buy this second property by putting around 5-10% down if I plan on living there for over a year? If not, what other options do I have rather than save till I get 20% to put as a down payment?