There are two choices here, do nothing and let it go, or jump in and learn.

There are a lot of choices for getting started in real estate investing.

You have control and choice over your own decisions.

Lots of other choices more southeast and lots of stuff north of Boston too. 

Great choice for renters, because a single damaged plank can be removed and replaced without affecting the entire floor.  

Since you are a first time buyer (Newbie Investor) try NACA it's home buying program that make the home buying process affordable even in NYC, there program offers all type of assistant and their interest rates are always a% lower than whatever the interest rate are.If you decide to go through NACA for your first investment they are not going to allow you to flip,part of the terms is that you must use the property of choice as your primary residence,however you can purchase multifamily.

@Ryan Kopczyk  Ryan, thank you and that sounds terrific, I will definitely take a look into HUD homes as well!  

I'm in a (fortunate) position of having a choice to use cash or HELOC in my next purchase.  

Thanks Engelo, Larry, Ryan, James and Emmett for your quick replies - I knew I should have joined BP sooner !

Hi @Ryan Potter - Thanks for the welcome!