Exiting through the borrower all depends on what they can afford, rather than the other way around.

I would not recommend purchasing unless you can afford both.

This is because the unknown water looks so deep and murky; however, the biggest advice I can give you is take a look in the area you live, or an area that is a little more affordable outside of where you live! 

@Mussie T EstiphanosYou're in an unenviable position, as it's a tough place to be for starting out.The recent (and great) podcast with @James Wise would lead me to believe getting your real estate license could be a good start.

If you can't afford a multifamily, you can look at single family residence, purchase it FHA, and rent out rooms in your house (if you are single with no kids of course, might be difficult to do so if you have a family).  

Originally posted by @Jesse T.

@Larry T. for option b) i would do a contact for deed and disclose that the house has a mortgage on it that would be paid off when the buyer pays his obligation and before the title is transferred.  

What sort of discount can I get when I buy this house, and how much will it cost me t fix the problem?

Can I afford to pay an additional 5% of damages in case of a hurricane?  

He couldn't make it as neat and tidy as one of the installs his team usually does because he was trying to keep things affordable, which meant bending and moving the current pipe rather than just installing new.