I would build as large of a pile of cash as you can and wait until there is blood in the water.

My recommendation would be to house hack and use the house as a vessel to invest out of state.

So, I'd be asking myself questions like: "how much of my own money, and my own time, blood, sweat and tears am I willing to put into this thing to get $60k of equity? 

Bad, Bad blood down the road. 

Are there any special arrangements you need to accommodate for any of the residents (transportation in general, trips for dialysis, monitoring blood sugar levels, etc.)?

In other words, One Quarter of mortgage officers decided to call it quits from the mortgage industry and not renew their license (for some reason the NMLS is only up to Q2 2023 data collection, odd…IMO full year 2023 was probably a blood bath.

Collecting on a judgement ends up being more time and hassle than it's worth, as you are usually trying to get blood from a stone, so to speak. 

I have also read "Rich Dad Poor Dad" and "The Book on Rental Property Investing", both are tremendous for wrapping your head around the possibilities to achieve financial freedom and how exceptional real estate is as one of those vessels.

@Mas YoshidaSee following list:IRA funds CANNOT be invested via a promissory note to the following: Who’s OutYouYour SpouseYour natural parents and/or your adoptive parentsYour natural grandparentsYour natural children and/or your adopted childrenThe spouses of your natural childrenAny fiduciary of your IRAAny people providing services to your IRA–such as your stockbroker–as well as his employees and both his and his employees’ blood relativesIRA funds CAN be invested via a promissory note to the following:Who’s InYour brothers and sistersYour Spouse’s brothers and sistersYour spouse’s parentsYour spouse’s grandparentsYour stepchildrenYour spouse’s stepchildrenYour grandparent’s spouse, if not your natural grandparentYour aunts, uncles, and cousins

Replace the top with something contemporary and elegant, and use a vessel sink with a nice simple faucet set, a nicely framed mirror (or tight wall-to-wall, counter-to-celing mirror with a hole drilled for the light fixture), and a clean-lined contempo fixture (a couple of hanging pendants?).