@Juan David Maldonado,It depends on what you're doing, if you're doing rentals  IMO it's all about the quality of the home and if it's been fixed/renovated or neglected.   

I’m wondering if there might be a better way to begin investing given my circumstances or if there is a better alternative?

Your circumstances in Wyoming may differ.

What to do next though I’m still researching due to some extenuating circumstances.

The property has had a string of mom and pop owners, has been neglected and lots of deferred maintenance, but great location, large units, lots of green space and across the street from an A property-There is 3/4 of an acre at the back that looks directly at the field and already has utilities and permits for 8 units.

@Richard Townsend  In your circumstance it may make sense to leave the equity in the home until you sell.

Still, I'd like to manage the best loan possible given my unique circumstances. 

The circumstances behind the previous owner on title?

I just lost out on a similar deal a few weeks ago with similar circumstances.

This way, it generates a brief conversation about their circumstances and I track that.