Bankruptcy and a complicated Mortgage question

[Joseph Widen]

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)

(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)

(some card companies are contacting me trying to make a deal, so likely only have to pay 20k of debt off. Maybe less)

(the extenuating circumstances would be lay off's during covid)

BACK STORY- i was about to file my chapter 7 bankruptcy, I looked through all the positives and negatives (so i thought). It seemed like the best fit for me, i could just start fresh and put all my money towards vehicle payment and down payment savings. It would probably be a year or two before i could get my first investment property anyway. no downside, until i just learned it would be 4+ years for conventional loans.

QUESTION-if i where to pay off those credit cards in the next year or two, get my credit score to the required number and have the correct debt to income ratio. HOW MUCH would those charge off's, late payments and delinquent stuff effect me getting my first property?

-also any advice from someone that has gone through chapter 7 and started investing. Any hidden pros/cons?

-chapter 7 would help me a lot in the short term. Would not Filing be the best LONG TERM play?

ps.Changing jobs again in a few months for a law enforcement job, 75,000+ overtime. So my lender eligibility won't be the best anyway.