Purchasing a rental property as your first home?

[Laura Perrot]

First time home buyer here! Is it a good idea to buy a property you intend on renting out BEFORE buying a primary residence for yourself? In this situation, I would continue to rent the townhome I’m living in and hope to make some income from owning a separate rental property. 

Has anyone done it this way?

Thank you in advance for your thoughts and advice!!