In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

Looking at this property as a long term rental strategy.

You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well. 

It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes. 

Deciding whether to sell or keep renting really depends on your long-term goals.

I have seen it but its very short term and you are still going to need considerable funds to refinance out (6-9 months reserve etc.).

@Konstantinos Lembesis If you search for posts using the city as your search term you will find many discussions that should give you more context than you might gather with a single post.

We plan to have a roommate to help cover some of the mortgage in the near term.

When we took over managing this short-term rental, it was struggling with low occupancy, inconsistent guest reviews, and poor pricing strategies.