Real Estate Purchase

Good afternoon investors,
I am a newbee investor who is in progress of buying my first property. I feel I have done enough research on REI but seem to be getting cold feet. I have two questions. I wouuld appreciate any feedback on this matter since I believe everyone was in my shoes in the past.
1) Is it ok to purchase my first property utilizing my pre-approved FHA loan from wells fargo home mortgage. Is this even a good choice? I have no money to invest but good credit to purchase a home and fix it utilizing low intrest credit card.
2)I am also intrested in doing an inverse purchase on a property. There is a great book on this but has anyone ever done an inverse purchase. Is it difficult to execute one.

Once again, all info is appreciated. I have seen some great advise in this forum. There are some knowledgable investors here. Thank you rolleyes

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