In general I am anti-arbitrage but for something so unique it may make sense. 

While personal circumstances can vary, it will be a unique situation indeed if $10K in debt should force you to declare bankruptcy. 

There's a world of possibilities out there, and each one offers unique benefits.You might find that single-family homes are readily available and could be easier to manage or sell if the need arises.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

It offers unique advantages like equity building, tax benefits (e.g., deductions and depreciation), and an inflation hedge, as rental income and property values often rise with inflation.

Overall I'm pretty happy with it, for the niche it fills.

Additionally, I've been spending a lot of time evaluating condo / HOA management solutions and accidentally stumbled on ManageCasa, which offers a free trial and < 3 unit free tier that has allowed me the time to get in, kick the tires, and really appreciate their attention to detail and broad feature set that adapts to each unique industry sector.

That's some people's niche and it works for them.

Every situation is unique, and we work with strategic partners to provide solutions for almost any scenario.

My biggest advice for people would be as follows.Know why your in the real estate game, and why a specific niche.