You are overlooking the real cost of automobiles
People have a strong tendency to wildly delude themselves about the true, total costs of automobiles. AAA tallies up the total, real ownership cost of a reasonably recent car. It came out to $8,841 last year for a 15,000 mile/year car, with SUVs pulling up the average.
You didn't say where you aim to live. But I am guessing the under $400/year property tax doesn't fund a robust public transit system that makes life without a car workable as it might be in Brooklyn, West Hollywood, Little Five Points, city center Detroit, Jefferson City, Santa Cruz, etc.
Notably none of these places are an hour away from where all the jobs are. So you have plainly identified a location in rural or exurban America. It doesn't havetransit. It may not even have Über. It may be very nice in other ways, and you may have family support there. But you need to deal with the "car" thing.
Let's be generous and say you've found a sweet spot in value around $7000/year for presumed normal 15,000 mile/year use. A job an hour away - 2 hours driving a day - that means 40-120 miles a day, for 10,000 to 25,000 miles a year just for commuting. In rural areas, everyhting else is faraway too, so I would fudge 10,000 miles for non-commute driving. So you'd be looking at 20,000 to 35,000 miles a year. You are madly burning through your warranty and depreciation (purchase price - resale). Including insurance - the insurer cares when you drive a lot of miles.
Given your financial status, I gather you would pursue a used car, which means you would run afoul of Harper's Law: Never owe money on a car that's out of warranty. Because then you are really sunk: a broken car is worth nothing, so your note is upside down (and they may call the note when they see the tracker stop moving), and you need another car ASAP.
What I do is drive a 90s econobox and maintain the heck out of it all myself. I know my costs. But in a rural area I would buy several same-model cars for parts, because the picking yard is far, far away. In your situation I could probably contain vehicle costs to under $6000/yr. (fuel, insurance, increased repair tempo). That's sweat equity and great MPG. There's no free lunch.
This kind of overextension is exactly how people enter the death spiral that leads to 470 credit, payday loans and being unbanked.
The cost of transport must be factored as part of the cost of home ownership.
Especially if this house is a "fixer", you will need to regularly transport building materials. I'm not saying "run out and buy an F150" because then, fuel costs alone on the 1-hour commute will murder you. You would need to rent a truck or pay for the building supply to deliver, so there's that cost too.
Also, have you priced health insurance? It's not free here and you pay two ways for it. Also make sure you understand all our taxes, including state and FICA/SE. You can easily pay more taxes here than there, and pay your own healthcare and education to boot.
All this points out how wealth isn't cash, it's situation
Wealth is when your life and your assets are set up to work in your favor and save/make you money.
Simply having a pile of cash isn't wealth. Simply saving money isn't wealth, especially when the money-saving strategy causes difficult-to-contain expenses.
So for instance, I would not want to see you moving into a deteriorating trailer home that you can keep holding together. I would want to see you move into a good flipper candidate, so you can use your own skill assets to multiply sweat equity, yielding a property that is worth a lot, which you then sell and do again.
Even buying for cash is over-rated. I would much rather see you take a mortgage to buy a triplex where transit does work, close to jobs, and where the rental on the other two units mostly pays the mortgage. Rents go up, mortgage payments do not.
The point is to engineer wealth into your life.