@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

The last thing you want to do is move forward with what seems like a great deal but not be able to close. 

In my market of Oklahoma City, you can buy new construction under $250k in good school districts.

What off-market really means is that the seller refuses to sign an exclusive listing agreement with an agent but tells the agent if they bring them a buyer, they'll payout a commission.

Quote from @Jimmy Sont: I'm looking to build around 700 sq ft 2 bed / 2 bath guest house primarily used for short to mid term rentals.

Subsequently I ended up buying property in 8 states, and a couple weeks ago bought 5 properties in 5 days in 3 states.

I found this one on realtor.com by doing a search that only showed me properties with asking prices no higher than $150k

This is a new strategy and platform, so any question is a good one so that everyone can best understand the process.

If you do sell I would do a 1031 exchange We do need the cash to buy another property. 

Between the neighborhood recommendations, the renovation "trends", and the "challenges to navigate" I'm praying that a local realtor didn't actually write this.