You are not too young,and you have cash. It's a great idea to invest in a home. Your first step should be to speak with a loan officer, preferably a local one, to find out what you can afford. Then find a good Buyer's Agent to help and educate you. There are lots of discussions about how to select a buyer's agent here on Trulia. If you want a referral, please email me and I will provide one. He/she should explain the entire process, and should also explain the difference between a coop and a condo!