How to Buy Property in Seller's Housing Market

[Ben Feder]

I am looking to purchase my first home to live in one room and rent out the rest. Also, it is a hot market and hard to buy. What are your best suggestions on financing or purchasing a first-time home, and additionally, how do you do that in a hot seller's market? Any help would be appreciated. For further info, I am looking in the greater Philadelphia area. Thanks!