Anything else you are gambling/hoping it will turn out OK and not be an issue.

If your goal is simply to "gamble" on appreciation ... then hold it and deal with headaches of remote ownership/management. 

That being said, I won't gamble that property values will improve significantly within the next 5 years as the true improvements are taking place approximately 5-8 blocks southeast.I am going to check with the seller re: a second mortgage to see if thats an option.Seller purchased in 2014 for $100K in 2014 and prior to that, the property was sold in 2009 for $82K.  

You didn't really say what you are trying to accomplish (ie long term buy and hold, instant cash flow, gambling on appreciation) with your real estate investing.

Quickly, I found that with that money mentality, out comes your own personal issues and that prevents you from really being authentic and present with homeowners who are in distress.

I can live with that but it is a gamble. 

The numbers make sense somewhat now, but the big gamble is that this location will be a great target for appreciation.

In the article, "As if that were not enough corruption, Congress authorized vast amounts of TARP bailout cash taken from taxpayers to be loaned directly to the worst-run banks, those that already gambled on mortgages and lost.

(BP does tend to shake its collective head at such a "gambling" approach).Me?

@Karim Karawia, I suggest to calculate your minimum cash flow requirements:- unless it generates more cash than it costs - it's not an investment - it's gambling.