Because while it's not prohibited, related party transactions are one of the IRS's favorite whipping horses.

It's fenced for horses so most of it is literally pasture land and we were working on mowing it.

You can find some gems up and down the 30 (White Horse Pike) corridor.

Dead horse has been kicked again. 

They currently owe about $325k on their first trust and another $50k on their HELOC for a total of about $375k. additionally, they have a 10 stall barn on the property and the entire family pays board to keep horses there (9 horses, 3 dogs and 2 cats on the property). 

I sort of halted my marketing campaign for a bit simply because of the uncertainty, but I know I have to get back on the horse and continue.

I have personally tried to take the tire kicking "investor" horse to water but no matter what, they still won't drink.

12x10 lofted shedBeautiful50’ sycamoreTasty peartree1.28 acresowned by nephew (mortgage on home)2017 964’single wideWorkingwell (4” submersible)Workingseptic (vol unknown)Existingelectric meterCableinternet accessSince buying myproperty in 2016 my vague yet rapidly solidifying plan has been tobuild my forever home, fence it for horses and build a four stallbarn, bring in a nice single wide or better, and rent the single wideout to equine enthusiasts during HITS and such.

There is right way to do it, in the order I described above, don't try to put cart before the horse. 

These rent for $750-$850 and are somewhat readily available [I always have access to several of these turn key work horse properties].Some local MLS have low inventory and competition is fierce [like Indy].