Homes are staying on the market a bit longer, and we’re starting to see some price reductions.

However, Matthew reminded me of my long-term investment objective and assured me that the property would appreciate, given the strong real estate market in Alabama.

Market the unit as having a kitchen + wet bar (eg, selling the not-a-kitchen in the not-a-unit as a feature) and being some sort of "luxury penthouse apartment" or something.

Was it marketed to you as POS compliant on the listing, or understood that the seller was clearing the POS? 

I also have marketing skill and tech skills.

This will help you identify what market will have the most ideal factors for what you're trying to achieve with real estate. 

A couple of my investors are looking to invest in this particular market and just looking to get an idea of the average price per acre for large rural farmland properties.

Until recently I hadn’t actually identified a market that I truly felt I could be successful in.

Suggestion: reach out to anyone marketing a unit for rent on the web, sign or newspaper.  

If you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networking5.