Tips for Property #2?

[Charles Evans]

Hello,

Back in January, I bought my first duplex. I currently live in one side and rent out the other, covering about 2/3rds of my mortgage. I am trying to do my homework and prepare a strategy to approach getting my second property since I am eligible to house-hack again next year. I want to repeat this process, ideally even get my hands on a triplex/quadplex, but they are extremely rare in the lower Delaware/Maryland area (even duplexes). I am open to all angles, even considering going with a 2-4 unit barndominium if I can find cheaper land, or even an FHA 203k loan for a property in need of some BASIC renovations. I say basic only because I am not a handyman and would like to play it safer since this would be a second mortgage on my plate & would like to limit the risks going into this.

What I am trying to say is: I am open to all approaches if anyone has any idea from experience. Anything would be appreciated, and I would love to read your ideas/experiences!

Thank you