As far as getting the loan, both of our families would be willing to co-sign and have stellar credit. Also, I am looking into a condo unit, which will obviate the need for certain types of upkeep associated with home ownership, but also may have less resale value. As the first reply said, all of my bet would hinge on the ability to resell it in a fairly short period of time without accruing huge fees.
In regards to saving for a future house, I'm not too concerned about that, as my partner is going into a pretty safe 100k+ a year field. We'll get by.
Rising_star, I wasn't planning on making money on it. It is just that the mortgage payments would be considerably less than rent in the same period of time. Then I would be hoping that a sale at the exact same price as I purchased it for would wipe out the rest of my principal on the mortgage. Water heaters, plumbing, and electrical issues are certainly something I will keep in mind, but I also already plan to save for such contingencies. There are also financial risks in renting, especially because so much renting is controlled by companies these days that have the ability to be lax tenants and not be on top of the maintenance.
Either way it is a tough decision and one that I am approaching with the utmost caution. Thanks for giving me more to think about!
I will try to search more for past posts on this topic. If anyone else has experience or has a link to another post on this topic, I'd love the info!