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Thank you in advance for comments and advice.

Let the tips begin to rollPS: ONLY COMMENT IF YOU BELIEVE IT'S POSSIBLE

@Scott Walther this question is so specific it feels like you'll have to get a CPA to comment on it.  

After reading everyone's comments, I am definitely looking to find a property that I would be able to drive to.

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In just two comments you've already gotten some of the best advice out there! 

Thank you in advance for your comments

Not that I want that to happen I would definitely work with a real estate investment broker or realtor and make sure in which ever property I invest in is worth it. 1st comment- Get rid of those negative thoughts about bankruptcy and foreclosure.  

I am open to any and all advice, critiques, and comments.