If purchased with financing and the security interest represented by the UCC was timely perfected, I would have a completely different opinion.

@Mitch Davidson congrats on the purchase, it's been slim pickings around here for a while. 

Purchase price: $45,000 Cash invested: $12,000 Sale price: $124,000 Old single family home I flipped with some structural repairs, sanding and refinishing original hardwoods, new kitchen, light bathroom update, paint inside and out, and other cosmetic touches

Are you talking about your purchase of another property in this statement or did you accept a 2nd offer to sell on the same house and mistaken say seller instead of buyer???

I know several locals that invest there and have had many clients that have purchased there as well.

I am already doing the marketing (placed bandit signs, launching FB ad next week, selected   databases to purchase the list of properties that fall under high equity, vacant and other criteria, to be skip traced and cold called  and etc.). 

If it is light, a dscr purchase would be a great option as it is typically 30 year fixed and around 7% give or take depending on cash flow, credit, and leverage. 

There's a bit more information needed to determine if one is better than the other.  

We’re also considering purchasing another LTR near Disney to eventually enjoy with our newborn—a celebration of sorts for future family vacations.

Purchase price: $250,000 Cash invested: $40,000 Took a three bedroom ranch home and converted into two separate apartments with two tenants.