Strategies for Deal No. 2

[Felix Sharpe]

Hello BP,

I am a few days away from finally starting my real estate portfolio with my first deal. I used an FHA backed loan and put down 3.5 percent. The property is a duplex and should produce more than $500/month in cash flow (We will be house hacking for a year). That being said, I'm already thinking of strategies for the next deal. I've used my first time home buyer bullet, so now I need a new strategy. Of course, i could save the cash flow from property no. 1 until I had 20% to put down on property no. 2, but i wanted to hear from the community if there are other suggested strategies.

Thanks,

Felix