I got a gift so now what?

[Shaniqua Henry]

Hi everyone, 

Recently, I got an inheritance from a family member. I want to purchase within 1-1.5yr and leaning to house hacking in either NYC (born and bred) or LA (Im moving there this summer). Im in researching stage, but curious if I should still go for the down payment assistance and/or 203k loans or go for conventional if I will possibly have 20% down depending on cost of the home, of course. Any and all advice is appreciated!