If it doesn't make sense then it probably is a bullsh*t answer.http://www.mortgage-investments.com/resources/onli...

Go with the "base hit" first, swing for the fences later on when you can afford it if you strike out instead.If you are looking for more passive type investments, notes are an option.  

I am can't afford FHA loan since PMI will be will around $350 and it will destroy my cash flow.

Every paycheck, put an amount you can afford into a separate bank account.  

Most kind of just get the coolest apartment or biggest, nicest house in the best area that they can afford, which is pretty similar in amount.Anyways, if 30% of that $1,500 per month starts going to equity in the property, that's $450 per month.  

In Pensacola the affordable small multi-family units aren't going to be in the best areas but if you can locate something close to the base, even if it's not the best area, you can find very affordable options.

Plus if it doesn't appreciate then you may as well have just payed rent.Can you afford to hold for a few years after the equity builds?

I wish I could afford a new one...

Here's something that may be of interest. http://happyplace.someecards.com/rent/heres-the-hourly-wage-youd-need-to-afford-a-2bedroom-rental-in-every-state/

We want to buy a bigger house (with parking) but we need to sell our house first in order to afford the downpayment on the next house.