All this takes time and eats away at any profit.

That eats up 1/3 of what I assume is your pre-tax income of $267k (close to half of after tax money).

What everyone fails to realize is that a list being of "less competition" is completely irrelevant when the strategy doesn't work.Let me give you an exaggerated example.A fish only eating shrimp in a pond that is oversaturated with fishermen, sure if you use shrimp on your hook you have a TON of competition.So the advice given is, " put a rock on your hook.

Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.

Get more involved and don't care about rate buy downs and closing costs assistance they will do whatever they can to get a deal done but they are the ones eating not you. 

The John Deere tractor eats up all your capital and is overkill.

Don't eat the dirt and you should be just fine though haha.

Cannot have your cake and eat it too (take the payments but then say invalid contract)If it’s a contract for deed (which sucks in Missouri as it would have been faster to have a traditional deed of trust and note), it may state they are responsible for upkeep of the propertyBut if there are no violations and they are making payments you will have a difficult argument to take property backAs mentioned get an attorney

And even if there were midterm rental management companies, I wonder if the increased commission they'd take for higher turnover would eat into any gains you get from the medium-term model. 

At the current interest rates and material costs if your sales take 6 years versus 2 years the interest will eat into the profits.With 93 acres you could subdivide into two or three lots and take different approaches.  1.