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Updated almost 8 years ago on . Most recent reply

One first Unit rented out now what next!!!!!!
First a little background info I am 24 and I just rented out my first Unit a house for 1350$ signed the lease today . I use a property management company .
My Mortgage is only about 510$
So After expensive and putting a little away for repairs, I think Il cash flow around 600$ every month.
I have no debt just my house and around 10k in the bank.
So here where I need help I bought my first Unit aka house with a conventional loan , And now I wanna get a fha loan to get a 2,3 or 4 unit building .
I live in chicago so should I go baby steps and get a 2 unit or look for 3 or 4 unit .
let me know what you think I make around 39k a year so I still need to save for about 4 months for the downpayment for the next property !!
thanks for any advice you have for me!!