Your idea leaves a lot to be desired. Dave Ramsey would not approve.
For fun show us the 🔢 S.
If you are a first time home buyer I would consider purchasing a duplex or four unit building, living in one unit and renting out the other unit(s). This has 2 advantages.
One is anything under 5 units and you can still qualify for low rate FHA financing and only 3% down payment, just like if you were buying a single family home. Second, have tenants pay your mortgage while you save your salary to invest in other properties. There are other advantages as well.
My advise is to Learn.Learn.Learn. I would try to partner up with someone that knows what they are doing. Use your money, have them manage the asset so you don't lose first time out. I've been doing this for myself and my Investors for around 20 years and I advise first-timers not to go at it alone. T.V makes it look easy but it's far from it.
I think that you should find an equity partner and get your feet wet with someone else helping move you along.