You gave me a lot to think about, I am confident the rent can be increased and have a contractor/property manager lined up who has inspired a lot of confidence and comes with good references. 

Ultimately, if you find the right land and feel confident in the building process, it could be a great way to create a space that meets your needs.

@Frank Patalano confidence!

Use neighborhoodscout and see what score it has since 2000   If it is an 8 or higher, I will be fairly confident of good long term appreciation  - the cash flow over a long hold is more determined by rent growth than initial cash flow.  

Following David Green's Core 4 strategy (realtor, contractor, property manager, and lender) gives confidence to invest anywhere.

I'm confident that, with the community's input, the show will be better than ever. 

You could also do a 2/1 for worse pricing if you are super confident that 2026 is the year for rate drops. 

Maybe think about a legal agreement outlining all these “what ifs.”Overall, it’s not a terrible idea (not something I would likely do as it could go sideways though), especially if you’re confident in the property’s potential.

We specialize in working with real estate investors, and I’m confident we could help guide you through this transition if you're considering it.Feel free to shoot me a text or email, and we can discuss how to support your goals and get you started on this new path.Best,Matt

Build the confidence of your abilities by having that real life experience.