In our experience/opinion, there's a direct correlation between these costs and the tenant demographic profile, or Class.

The seller becomes the bank and pays capital gains one time on the downpayment (which keeps it low to make sense for them) and then also monthly on the payments (also incentivized to just match how much he wants a month).

I agree 15 years is not a long time but what is occurring is jurisdictions then pass laws to protect the low cost housing.  

Check out my profile.

.: EM doesn’t seem extremely low, just kinda low.

The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

Perhaps you could share your LinkedIn profile showing your business background, or even photos of yourself at land investing meetups or events you've attended as an independent investor?

It's crucial to choose a market with steady job growth, low vacancy rates, and tenant demand.

While the property hasn’t appreciated much since purchase, we’re considering keeping it as a rental due to the low rate.

I can see if you're BRRRR'ing 3 times a year, and maybe I'll get to that eventually, but starting out I feel stupid asking an agent to help me find properties for $10-20k, like why would they want to do that if the commission is so low?