Mike's right (of course he's right, he's Mike!). You can certainly paint straight from the bottle, but you'll have to use a lot of pressure to get it to spray properly. Thinning will allow you to use a much lower pressure.
I've had good luck with either Tamiya or Textors Model Master acrylic thinning them 3 parts paint, 1 part isopropyl alcohol. It will dry to the touch in just a few minutes (especially if it's flat paint) but it still needs to cure. I normally leave mine about 24 hours before I do anything with it, just to be safe.
Also, don't cut your single-action brush short. There is nothing wrong with a single action, and you will get great results from it. Just remember that it's more the guy behind the airbrush than it is the airbrush itself. Practice and enjoy!