Tough situation, and while a lot of blame is certainly on this guy. I'm not sure that there isn't at least some element of you bought it and happy at that price, cavaeat emptor kinda thing. Did you buy based on cost/sq ft? Because at least with folks shopping residential neighborhoods, you see everything going for X price roughly, I dont think there's much quibling over the price if it's reasonably the same in the area.

A rural property that deal with far more intangibles such as outbuildings etc, certainly could be harder to figure out reasonable cost since it's not just one in a strip of 40 houses.

Unfortunately no advice, if it was colorado could probably still sell for a little overpriced and be fine, but I bet the OK market isn't hot exactly.