You have likely gone through a tremendous amount of struggles and lessons to get to the point where you are.

And on top of that, the housing shortage is bringing the value up tremendously, and it should comp around $55-60k. 

If you can obtain/existing agricultural exemption that is a tremendous discount + income for holding costs.

If you're considering holding the property and renting it out, the market in our area is tremendously strong.

Your response of spelling it out for me is helping tremendously, as I feel my only roadblock is lack of knowledge at this point.

Again absolutely any advice in regards to this plan would be tremendously appreciated.

Don't know if this will be helpful or not, but thought I'd post it just in case...Over a year later and still providing tremendous value - thank you!

Historically low cap rates are a tremendous risk.

Anyone willing to risk $3000 in EM and then willing to risk following through on the purchase of a $300K house in the hopes to earn $1700 in profit is not a tremendously smart investor in my book.  

I know I have learn a tremendous amount.