I am in the market to buying another home. I currently own a condo in washington dc. There are many people explaining to me that I should purchase another home and rent this one out. What are your thoughts/views on that?

How can I do that with little or or no money to put down on the next home?

Next, I noticed that there are many fees the buyer has to deal with at settlement. A co-worker explained to me the fees can be worked out where you can get a 2nd mortgage to eliminate the mandatory insurance fees, and some of the other fees can be waived.

Can someone explain this to me and is this possible?