You should have atleast 50 grand if your going to invest in Real Estate. Also watch the market. What you buy now might be way cheaper in the future... or if your lucky what you buy now will be worth alot in a few months.
If I had the money I would invest in 4 bedroom family homes in the LA County area
Prices are fluctuating alot...
Anyway when you do buy Real Estate watch out for taxes. They will take a huge chunk of the money you make if you don't invest it in something else in a set amount of time.