Make whatever offer you feel comfortable with and make sure the offer is contingent on your ability to obtain financing, the home appraising, and then have a good property inspection done on it.

There is a lot of things that I would have to obtain prior to getting started.

They state this is the law regardless of what the co-op governing documents will say.I'm in the process of obtaining the governing documents to see what they say.  

Can getting involved in real estate, an a newbie investor, effect the opportunity to eventually obtain an FHA loan down to road??

(b) It shall be unlawful for any person, directly or indirectly, to engage in or conduct the business of, or advertise or hold himself or herself out as engaging in or conducting the business of, or act in the capacity of, a licensee within this state without first obtaining a license as provided in this chapter unless such person is exempted from obtaining a license under Code Section 43-40-29.

I can relate to others, where I immediately started to think about how to obtain a second investment property after buying the first one.

I’ve recently obtained my real estate license and am still learning the ins and outs.

Thus title insurance is exceptionally difficult to obtain until this 2 year (minimum) period is up.4. 

Because the requirements of private money lenders are far less stringent than those of bank lenders, they are much easier to obtain by real estate investors.

You may not obtain the biggest bang for your buck from a cash-on-cash perspective right away...but the value of the right pairing here could potentially be priceless!