From what I can tell, it seems like most of the very small towns in this area; tons of trailers, single family homes, no visible high rises or larger multifamily that I saw. 

I think your correct though folks have to adjust to the new normal and the interest rates they are not coming down like folks hoped for I think we are in for a run of years were rates will be more like the 2000s  6 to 7% and Owner occ in the 5s with Maybe some high 4s. but by the time folks wait for that prices will rise in the better markets.

Inflation itself in the midwest territories will rise over time at a conservative 3% regardless.

Golf course is a tough business with dwindling  play .. think the rise of Top golf and pickle ball.. :)Also if you look at federal forest ownership maps you will see that Huge areas are checker boarded with private ownership .

These buyers are playing the long game—betting on rising property values and rents, which offsets initial breakeven or negative cash flow.If you’re starting out, I strongly recommend focusing on single-family homes in neighborhoods at the high end of the "low-end market" spectrum.

There are markets that have built in "gotchas" like the rising cost of insurance in coastal FL, regulations in much of the west coast states and property taxes in Texas; however, the deal itself is the most critical factor.

The insurance costs for small multifamily in Florida, especially with older builds, is rising and rising.

My husband and I were very lucky, as price in our city were beginning to rise.

Rise to the soul challenge, Steve.

I did not see a forecast for rising rates in Q4?