It would inform whether or not i even pursue it as well as what the psychology behind the other offers is.

It's a game of psychology and relationships.  

You'll find it's grueling, psychologically debilitating phone and computer and record-keeping work to show bank after bank after bank your financials and not get the answers you want, but ultimately, it's the kind of work that pays off a lot better than doing anything legal in the US military.

Using a little psychology, I decided to offer $97,001 (added a dollar, just in case someone else thought to offer the same price) and came out the winner.

I made this comment in some other forum but it applies here so I would like to receive your feedback on it directly in this thread.Passive (leasing) ranchland annual yield is 0.05%-2.5% depending on Location.Bozeman = 0.05%Carlsbad New Mexico = 2.5%The livestock enterprise profit margins should double that, thus taking one’s Net annual yield on all capital assets (cattle & equipment) to 5% (with immense risk behind that).The livestock operating entity may not be that compelling of an investment pitch without integrating the historical risk/return performance of rural land, though there are lease operators who are probably in the annual net profit margin of 10-15% (lean operators.)The intangible and “psychological” benefits do (subjectively) provide a higher annual yield; quality time with family, being in nature, hunting and recreation, freedom independence and diversity of one’s day/month/year.Does this make it a “lifestyle” business much like cupcakery and boutique pottery?

If you haven't already I would read The Psychology of Money by Morgan Housel.

The answer lies in the psychology of real estate buying, a fascinating aspect of the housing market that can shed light on our behaviors as buyers.The Emotional ConnectionWhen it comes to buying a home, emotions often play a significant role.People form emotional connections with properties that go beyond their practicality.It's not just about square footage and the number of bedrooms; it's about envisioning a life in that space.

The other part is psychological.

I’ve spent the last two years getting my Masters in Forensic Psychology, but after having my second child, I had a change of heart and desired a much less demanding schedule that will allow me to dedicate more time to my family.

$997 is a lot of money to learn something that you can figure out on your own using common sense, psychology, finance and marketing.Put yourself in your potential tenants shoes and do what it takes to rent yourself a house, from scratch.