Should we buy another house?

My husband and I bought our first home one year ago today. It was a fixer upper that took us about 6 months to complete and we put in a good $25,000 in it for windows, new kitchen, etc. (We really did the house nice...nothing cheap here.) The house we pay for each month does not have a garage and has only one bath, which is fine for the 2 of us, but in the past year, we have had 2 family members move in and out as they relocated here making the bathroom a bit of an issue. The way the market has gone, there is another home 2 streets over with an extra bath, a garage and on a corner lot selling for exactly what we bought our home for.

We are thinking of renting this place and buying the other house with all the extra goodies and we should be paying about the same. The other house will need just about everything this house needed...which would deplete our savings, but we wouldn't make all of the upgrades as quickly as we did on the current house.

We make our mortgage payment and all of our bills just fine. My husband's in the military, and should advance next year and I am in the car biz...tough market right now! It's a great opportunity for us, but I'm a very calculated person that doesn't like risk, so I'm scared to pull the trigger.

If I was asking Suze Orman, I think she'd tell us no.

The big plan would be to have two rental properties when we move from here to our next duty station and we would sell these properties many years down the road for a profit that made it all worth while now.

What do you think?