Finding profit in landlocked land

[Hunter Gillon]

Hi all! I am new to real estate investing and still trying to learn when something I'm looking at is a deal or not. The latest property I've found is 320 acres of tax delinquent land in a neighboring county of New Mexico going to auction. I'm making sure there isn't any liens on the property, but as it stands I believe I can purchase the property for a few hundred dollars. The biggest drawbacks I see are:

1. The property is landlocked. It is surrounded by ranches and 3 sides and the railroad on the 4th. I understand there would be the possibility to get an easement to access the land however I'm not too sure of the feasibility of this. I do believe that there is an access road besides the railroad. Does anyone know the legality of using that road to access the property?

2. I'm unsure how I would turn a profit with property. From reading the forums I found that a popular strategy for landlocked land is selling to the neighbors. However it is my current understanding that there are no fences surrounding the property and the neighbors already let their cattle feed on the property. I've also thought about leasing hunting rights to the property but simply don't know enough about the idea to fully commit to it. Does anyone have any idea how I could find out more about it? Finally I also have thought about simply attempting to land bank the property as it is so much land for so little, but that's more speculation and I'm disinclined to invest in that.

3. Finally, I just don't know much about buying land at auction. Any advice you could offer on the subject would be greatly appreciated. I'd also be interested in any advice you could offer on potentially managing/selling the land from afar as I'm military and may potentially be moving in the upcoming year. Thanks for any advice you can offer!