After reading everyone's comments, I am definitely looking to find a property that I would be able to drive to.

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In just two comments you've already gotten some of the best advice out there! 

Thank you in advance for your comments

Not that I want that to happen I would definitely work with a real estate investment broker or realtor and make sure in which ever property I invest in is worth it. 1st comment- Get rid of those negative thoughts about bankruptcy and foreclosure.  

I am open to any and all advice, critiques, and comments.

Your comment made me preform the necessary due diligence I should have done in the first place.

Just a general comment - based on the location you described, I wouldn't put $60k into a single family home in that neighborhood to flip - even if you got the property for free.  

Thank you whoever read and thought of dropping his comments.

While I wait to find the right opportunity in TX, I am under contract on a really large deal, 550+ units in Georgia that is 2 miles from a 240 unit deal that I own.Coming back to the above, the comments above in my opinion are a bit broad, but I am sure helpful to you as you probably weren't aware of these potential issues.Now that you are educated, you can use the next month to find the right deal that works for you.