How low is too low for an initial offer?

[Taylor Walber]

I’ve just been approved for up to 200k fha and have found a 2 unit home that I plan to househack. The listing is for 185k and has everything I’m looking for In terms of location and amenities. This is my very first deal and I want to get it at the best price I can. What are your strategies for an initial offer, that I could apply to my situation? Any other tips for a first timer are certainly welcomed and appreciated!!