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a neighbor owned two homesteads, and sold the second homestead three times

 
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The guy we bought our homestead land from did that. Not to us because I finance our land through a VA program.

He built a couple of brick house on 1 acre lots, then started bringing in mobile homes.

He owner financed those and after a few month most folks moved on for one reason or another, so he sold the houses again and again ...
 
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Own 37 Acres in AZ - good water wells - 44% discount, only $22k!
https://permies.com/t/96159/Acre-site-Northwestern-AZ-sale
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