Turning where I am renting into my first investment?

[Marvin Eason]

This is the house I am currently renting a room in:
http://www.realtor.com/search/listingdetail.aspx?zp=22309&mxp=26&typ=7&sid=d33f3e358790413f96acd5d0b7561c9d&pg=21&lid=1094555023&lsn=203&srcnt=203#Detail

The landlord who was renting from the owner pretty much dupped us roommates by keeping the february rent she collected from us so now he is evicting her. So I've made a deal with him to take over the responsiblities of being the landlord for the house until the end of June.

Obviously, he is looking to sell this home, and I've been here for about a year and we've always had roommates, some have come and gone but the rooms rent out fairly quickly in this area.

My question is, how would I go about, perhaps, making this my first rental property? What would my offer have to be to make it worth while. The house could use some small cosmetic touch up, like paint in the upstairs rooms, but the kitchen is nice, granite countertops, nice appliances, the washer and dryer isn't new but that didn't seem to be a problem when others have come to rent the rooms.

I wouldn't mind making this a rental for me, while I focus on getting a condo for my family. This house actually has 4 bedrooms 2 baths in it.

Any advice would help me out a lot. I just sent the owner, who is a great guy who seems to be very motivated to sell this house an email, telling him I may be interested in it myself. I would probably use my VA loan I have available, as FYI.

Thanks guys. :superman: