To buy or not to buy?

[Nick Thomas]

I've been speaking to quite a few great minds here on BP about my predicament. I'm moving to Woodbridge, VA June 13th which is in the expensive NOVA market. I have a place to stay till September 15th. Afterwards I have two choices, pay 1.6k per month in rent or purchase my first property most likely with an FHA loan. Even with FHA though I don't know that I can fund the downpayment and still have capital to fix any unexpected issues that come with ownership. I feel buying would be cheaper than renting and would help me gain equity if I sell or cashflow if I rent it.

Here is a location I've really been thinking of making an offer on if experienced people don't caution against.

http://www.trulia.com/property/3069322370-16708-Georgetown-Rd-Woodbridge-VA-22191

Please let me know your thoughts.  If it is a deal I'm not worried about someone taking it,  I just want to learn and I think showing what I'm looking at is key to getting good advice.  Thanks in advance!