Going out and speaking with professionals is a great way to get a feel for how all of this actually works.

In fact, I did read them, contacted my attorney about a situation that came up and was being given opposing advice from two professionals.

I was told by realtors: of course 2 beds, but from my personal experience as a young professional, I always feel it’s hard to find an affordable 1 bed/studio in MA.

Most severely underestimate the true cost of a PM, especially in year 1. 

i agree, i'm in the same place as you i.e if i buy a property the price can go down even 10% and it won't matter to me, that's true, but is there a downside to looking for an option that maximize the possible gain i can get?

@John Underwood, true about the cash not making money!

Contact an asset protection lawyer (It doesn't seem hard to open a single LLC by myself online but I imagine it would be difficult to get much past this without some professional help?)

. # 1 I did the same thing and got a landlord policy in place right away (without a lease and my agent knew the unit will be vacant until I do repairs); #2 If what your agent stated is true, let's say you find a tenant, in a year your tenant moves out and it takes you 2 months to fill the unit (hypothetically speaking), are you supposed to call every time your unit is vacant and switch policies? 

I say this as someone who made a title insurance claim within a month of buying my very first home.This is always true in general; in your case if you are acquiring from distressed/motivated sellers even more so.

They'll want to see your financial situation, but also look at you as a professional.