buy an investment house or primary house first?

New to this, read some posts and saw that mia'log has this and wish his blog has more context for this sentense:

Only after you bought your self-living primary resident can you start to think about investment

I am not sure when we will find the house we like. We had offer accepted before but then didn't go through 'cause the house has major issues after inspection.
The banks are closing, inflation is high, money saved in the bank doesn't look safe. Is it OK to buy a investment house--cheap cheap one like mia and others mentioned < 10K first, and leave enough cash for the primary house downpay and 1 year living expense? any problem if we do that?
thanks

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• Everything depends. Separate a rule from practice. -2526- ♂ (467 bytes) () 09/26/2008 postreply 23:56:29