Questions about 2nd Mortgage

[Joshua Koronich]

Hi All, I ended up purchasing a duplex in Merion Village, a small village close to downtown Columbus Ohio. All is going well so far, I bought a property with tenants already locked into a lease paying close to 2/3 the mortgage. I brought in a roommate to cover the difference. Aside from some random bills, I’m living marginally less than I was at my previous place in Columbus. I purchased in January, and my wheels are turning on when I can invest again. My question is this: What’s the process for going to a lender to get approval for another property once I’ve got both sides rented out? Do I have to show rental income for a specific amount of time? This property clearly throws off my debt/Income ratio, but when both sides are rented out it’ll be cash flow positive. Any insight here helps, like I said I’m in Columbus Ohio. (Not sure if state/city location plays a role in the 2nd property approval)