Replace your current mortgage with a larger one and take the difference in cash to buy the new property.
Aim for monthly rent that is at least 1% to 2% of the property's purchase price to ensure positive cash flow. how to buy a second home to rent
If you don't have the cash for a down payment, you can leverage equity from your current home: Replace your current mortgage with a larger one
Financing a rental property is more strenuous than a primary home because lenders view these loans as higher risk. how to buy a second home to rent