@Bryce Nurding Rates are close to a 2 year low.

In fact, most just print new shares to get billions to invest when stock price is high and buy the shares back when price is low.

We are in a constricted market cycle, low volume, strained budgets, high costs.

Either way, the property will cash flow like crazy once my unit is rented.I have enough capital to get into a bigger property with low money down and am seriously considering a triplex or fourplex for the next one.Here’s the issue: My lender (local bank) says I need to be fully moved out and have a lease in place before they’ll proceed with my loan.

I've never had something that low, but I'm also looking at roughly $30k in equity on this property. 

In terms of low competition, unless you are buying in the most rural or economically distressed area, there is always competition.

Generally I'm a fan of hold until you die but in this case you are earning low cash flow on a large amount of equity.

It gets you the low rates of "sub to" without any of the ethical or legal questions associated with it. 

Quote from @Michael Daniel: @Jaycee Greene these are low income areas however there's a lil room for rent increase but not much. 

In some cases, federal tax credits like those for low-income housing or economic development might also apply if the project aligns with certain goals.Instead of buying the land outright, developers often lease it from the tribe, which can reduce upfront costs and sometimes come with favorable lease terms.