Additionally I totally get moving into other realms of investment as just described.  

Instead of paying 1250$ a month and staying in my current home I can pay 977$ per month and have an additional 4br/2 bath property. 

In addition, I am hoping to understand the most severe risks that come with investing in distressed properties, and how best to mitigate these risks. 

Adding amenities like power, water, and a barn or pavilion could increase its value as an event space.Farm-to-Table Experiences: If agriculture is possible, create an on-site farm-to-table business where people can visit, harvest, and eat fresh produce.

i actually only invested an additional $23,000 i answered the question wrong

In addition to brokers, I would also suggest speaking to 1-2 regional banks/credit unions.

You’ll eat it on fees with HELOCS on investment properties.

The standard rate is 3% of a loan, a good broker will never exceed their origination costs of more than 3%.Additionally, a competent broker goes beyond merely securing financing.

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.

Additionally-Sleep a few nights in it.