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.  

Because buying in cash means you are putting all of your eggs in one basket. 

If it doesn’t sell, then just eat the losses and do the best you can.

H mentions that --> It Just Doesn’t Make Sense to Buy Apartment Complexes at Current Valuations /  The Outlook for Rent Growth Is Poor in 2024 /  Expenses Eat Into Multifamily Profit /  Interest Rates Will Not Come to the Rescue J Scott is on the other side of the tracks and saying that Multifamily is Likely to Start Recovering.

If you quote it wrong, we eat it.5.

If you are buying properties here and doing minimal repairs, just enough to get them rented, then the maintenance will eat all the potential cash flow.

It seems like nothing cash flows unless I do a STR, and decorating an Airbnb alone eats up a large chunk of my cash.

2) If there are liens on the property and the seller is not willing to negotiate, does that mean that either I or the buyer have to eat the cost? 

When I see rust eating at welds like this I wonder how much of the problem comes from the management company (Rust never sleeps).A maintenance tech scheduled for some time with a wire brush and some Rustoleum could have saved this expensive cement tread stairway.Now it a welder (if it's salvageable) and the Rustolem, plus the cost to construct that ugly unpainted wood bridging system, and tear it down.And despite all of the drama that's going on, Mrs Kitty still has her favorite spot in the shade next to her food and water--a natural foe to garbage rats.

@Peyton LaBarberaThat kinda goes back to studying your market --- chicken and the egg?