Buy property by any means necessary or consider renting?

[Sheratanairy Flores]

Hi BP community!

Last month I began searching for multifamily properties to house hack! The location is Miami, which is home. I know this market has been really hot, so definitely hasn't been the easiest in finding something. BUT now, I've found myself in a challenging place due to my current living situation. 

My partner and I have been renting a house with roommates. We completed a 1-year lease and have been month-to-month this whole year. The landlord shared that he will be selling the home in January, but due to some roommates moving out, our last month will pretty much be the end of this very month! I'm torn because I was so excited in finding and buying our own property and never renting ever again, haha! I've been searching for short term leases/month-to-month options that aren't crazy expensive but to no avail. I just hate the idea of spending money that could've been going towards our own property!

When calling around and seeking apt rental information, I came across a realtor who seemed very genuine and helpful. She shared something with me thats made me really ponder. She suggested to sort of tailor my current situation to one that would create value, as opposed to spending money on rent. She stated that I should consider still moving forward with the idea of purchasing. She recommended looking into purchasing a condo instead, living in it and after 1-2 yrs using capital gains to become more competitive in the market and then moving forward with the multifamily properties. I never thought about purchasing a condo or anything other than a multifamily as my first property.

So for those of you still reading, any suggestions? I'm on a time crunch literally, but I don't want to make any hasty decisions. Should I keep looking for Apts to rent, should I dive into the idea of purchasing a condo instead? And if thats the case, it still may not solve the fact that my last day under a roof is the end of this month lol. Open to any and all tips, advice, suggestions, please share! 

Thank you for taking the time to read my post!