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.

With this being said, the fear of being "tied" to all of these potential problems - definitely fosters hesitation and in many cases - no action.  

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. 

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.  

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

Quote from @Christaye Foster: Hello and very glad to see the confirmation re.

Quote from @Dave Foster: @Noah Margate.

I feel no obligation and want to foster a welcoming environment where people can ask "stupid" questions.