<human>: hello, i have a few questions that I was not able to find on the official NACA website and through the forums here

About me. 26. single. no kids. 1st time buyer. Working for a fortune 500 company. I make 44k a year entry level and I am expected to be promoted within a year. I have 7k in credit card debt. No student loan debts. I own a car and I am renting my apartment. 

I have around 2k in my bank account and my family provides a weak, but existing safety net. 

I am currently prioritizing paying off my CC debt ASAP. I've budgeted to the max and have reduced the cost of my meals to roughly ~$2 a day and only buy through goodwill. I estimate to have the debt paid off by the end of Q3 2015, the Higher Power knows best while investing in my 401k

Here comes the part where I need help:

I want to purchase a house or fixer upper and repair it and rent it out for supplementary income. From my research an NACA, FACA or USDA loan would be best but I'm open to any advice you all have. I know they have requirements to live in the house. Without revealing to much information I can rent out of a 150k home for about $800 a month and my mortage looks like it would be around $500 for it. I would continue to live in my apartment.

I would save up to around 5% of the total downpayment and not touch my actual savings. 

I am in no hurry to do this but would like to have this done before Summer of 2016 to begin other moves I want to make for my future financial security.

You guys are wizards so I look forward to your advice

Can you condense the text into a few key points?
<bot>: 44k a year salary looking to buy a cheap home to fix and rent out. safety net establish. 7k debt