Go for it now or wait?

[Sam Moore]

I am a 27 year old single man and no kids. The only debt I have is my car loan. I got a promotion at work and will now be making very good money. I've worked very hard to lower my monthly expenses and I think now is a very good time to start investing. I'm in a pretty expensive market here in Texas. I've come across a deal that looks pretty good. But I can only start with an FHA loan. What do y'all think I should do? Wait and save for a conventional or do the FHA and then buy the next one and hope it's still there? Any advice is appreciated. Also if y'all know some steps to take for setting things up for the next purchase.