Update

In the last post, we mentioned that we were going to wait until we had an offer accepted before posting our plans. Seems we should have listened to logic. The land was listed at $91,000 - we offered $80,000, expecting to settle somewhere around $85,000 which was what we had in the budget for the land. The offer also required detailed info on the feasibility and cost of a septic system - we had budgeted $6,000, as originally stated by the seller. The counter offer was $91,000, with no given information about the septic. We did hear from our contractor that the septic options were so limited on that property that an engineered septic would likely be the only feasible option - at a cost of at least $30,000. So with the additional cost of the land + the additional cost of the septic totalling at least $30,000, we just can't make it work.

So that is where we stand - it was certainly a nice dream while it lasted.