The recommendation is to find a bank that won't charge you minimum account balance fees. 

IF they allowed you to 'roll it back out' if you wanted then it might be OK, but even then, I would think the fees in that program would far outweigh having an IRA, and you would have more flexibility too.A friend of mine rolled his into a SDIRA, and DOES do his new companies 401K with NEW contributions since they match those at up to 6% of his salary.

I thought HOA fee is supposed to be based on its square footage.  

Getting a license can be a good way to get started in the world of real estate, but make sure you are aware of the time (upwards of 70+ hours of real estate school) and the fees (usually 1k-2k) and startup costs.

I did have to pay an extension fee due to their closing date and the municipal search in that city, and the fact after we went under contract they allowed the basement to flood (finished space) and never told me until I found out myself the day prior to closing.

So before I start the attorney fee clock I wanted to get a better expectation of what I need.

Mortgage will be paid off at the closing table.If the mortgage more than the selling price - find a friendly real estate agent and refer the seller for a fee...like finders fee

Even with 65 k as down payment mortgage and taxes and maintenance fees will eat up most of my salary with condo prices at around 400 k for a one bedroom.

You don't need any money to get started in lease options and you can collect a good option fee when you close. 

The recent deals I have looked at locally have most all of the costs for electric and gas installation in a new single-family residential land development deal back-end loaded with impact fees to builders.