Few things will discourage you from learning and practicing than a cheap, crappy, improperly set up guitar.
Even a good quality guitar that has not been cared for or set up properly will not be fun to learn on.
You can read about guitars all day long, but you need to put your hands on a few to really understand. If you have a local Guitar Center, go there and just spend some time screwing around with their acoustic guitars. Unlike most of the boutique music stores, I've always found them to be very low pressure, so you can put your hands on anything from a $99.99 cheapo to a $5000+ high end guitar and begin to get some sort of idea as to what you're looking for without feeling the pressure to purchase then and there.
I've found that the local pawn shops don't give you much of a discount compared to new or used instruments at a reputable music store, especially considering that they rarely give you a warrantee.
Regardless of where you end up purchasing or how much you spend, the guitar will almost certainly need setting up. It will make a difference, especially if you buy a lower (less than $500.00) cost guitar.
Lastly, I believe you will increase your enjoyment if you take a few lessons. Watching videos and reading books are just not going to get you going as quickly. Even if you just take a couple months of once a week lessons, you'll be able to strum many songs and it will make it much easier for you to continue to build on your skills.