Sellers generally recognize that some assets are likely mispriced, whether too high or too low, because the sellers knows less than local investors and are likely relying in large part on BPOs.   

With that low interest rate, you will have paid down a lot of equity in the deal and should be able to finance with a bank.

However, I like that there isn't a lot of work to do and I could still make the property really cute with not much risk.Inventory is so 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.

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

You see all the expenses you had in just that.

It’s been bumpy with positive income. lots of expenses,  220 w batteryinstalled, utilities , gardener,  Water heater etc and cohost is eating up positive.

Lets go under at $800 so now monthly expenses are $3,800.

Too expensive.

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.