Buying rental property while still renting

[David Vargas]

Hi all,  I believe this topic was already discussed years ago. However, I am still looking for answers.

Does it make sense to purchase rental property while still renting. I live in a huge 3 bedroom apartment, paying $1,500 a month and my overall monthly expenses are low. In my area this is unheard of. The landlord is crazy awesome and really isn't interested in charging top dollar for this apartment, even though 3 bedroom rentals are going for $2,200 a month easy.  My plan was to purchase a 2-4 unit house and continue to live in this apartment. Does this make sense?