Considering OS X Server instead of my current hosting plan

Hey all, I currently have a cloud based server package with lunarpages. The stats are roughly
50 GB of space
1000 GB of bandwidth
1 IP Address
2 GB of RAM
Costing roughly : $100 a month
On my hosting package above, i run a Xenforo forum which is fairly busy and popular, and 2 Wordpress sites which get next to no traffic at all. However, my server is constantly crashing and i have to wait for an eternity for the hosts to fix it for me.
Due to all of this, i am thinking about purchasing a Mac Mini with OS X Server installed, and getting a business broadband line installed in my house (i work from home). It appears i can get a business internet connection installed at my house, for somewhere around £50 a month, which i think comes with a dedicated IP address.
I have zero experience with running a server, never tried before, but i'm reasonably comfortable with techinical stuff, do some slight coding here and there and *think* i could piece things together from online guides/forums.
Does everyone think this sounds reasonable? Given that i have zero experience with this, is it a good idea?
I would be reducing my monthly fee slightly, although i would have to buy the Mac Mini, but then i would gain basically a dedicated server, rather than some small cloud server.
We are also a Mac household, flooded with Ipads, Macbooks and iPhones already and it looked like they work together nicely with the server
Thanks for any input

OK, great. Yeah, I'd say you're in a good position to make the transition. The reason I ask about TimeMachine is because the MacMini server comes with two drives, which is perfect for creating a TimeMachine backup of your server.
I will throw one important bit of advice out: Buy this book... http://shop.oreilly.com/product/9780596100575.do One of the biggest gotchas of OS X Server administration, neh, server administration, is understanding and working with DNS. This book is considered the bible of DNS and will really put you in a position to be knowledgable and successful at administration.

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