If the land is worth the money, buy it and have the house demolished. Then build the house of your dreams or have another house moved onto the property. Around here there are several houses for sale for $1. All you have to do is move it. I'll bet you can find a structurally sound house that's in the way of a parking lot.
If you need to live on the property during the transition, I'll bet you can rent a mobile home for the short time that it takes to get a house erected. Then have the mobile removed. Voila!! Dream house & dream acrage.
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"If it's in the newspaper it must be true." Dudley Do-Right
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