In your state, they don't require contractors to have min insurance in GCL and WC? 

WilliamsSome states require an attorney for real estate transactions.  

@Stephanie Luciano This would be an owner occupied loan product only, if the property won't be occupied then 25% down payment is required. 

We generally try and find places that need cosmetic upgrade requirements rather than a full tilt remodel.Not as extensive as a full remodel, but make a huge difference when it hits the market.

I have done some single family houses that took a lot of money and I've done some multi-units that required very little.

I've never heard of the $0 down investment purchase loan, typically we see 15-25% down payment requirements to obtain financing.

Now that you have an extra 20-25K still, you can continue to pursue other investments in yourself, real estate, or even other businesses depending on the path you want to take.I would say look for a property in a desirable area, has good rent potential, and doesn't require you to drive far to your school/job.So many more little adjustments you can make but the most important part is getting a property in your name, keeping as much cash to give you future options.If you want to talk further, shoot me a PM and we can do coffee or talk by phone.

@Brian Ellis Property managers in Mass are required by the state to be licensed. 

Documentation, plans, proof that the plans comply with code, will require a licensed professional (architect or professional engineer.)

What is the minimum reserve required per unit?