I apologise , I am not a Broker or in the Real Estate business, however, after reading your question I had to laugh and put my two cents in. I assume you were looking at the property on Faubion Loop Road as that is where your question appeared.
I laughed because you wondered if this was a good place for a "Homesteading" experience and mentioned that you might like to do a ":B&B type of thing.
You see my last name is "Faubion" my Grandfather and Grandmother were the Faubion that the township or community and the road were named for. My Grandfather built a homestead that still stands and is (I believe) currently lived in. My Grandparents had what could be referred to as a Bed and Breakfast there at their home that served as a nice resting place for travelers back in the earliest years of life on the Mountain. My father grew up in that house and would tell us how well the business served the family and the community. My Grandmother made her famous Huckleberry pies and Grandpa was a well known highly skilled hunter therefore they served fresh Mountain venison and other wild meats, stews homemade bread and pastries. . They called the place La Casa Monte which is Spanish for "The House on the Mountain" Funny though my Grandparents were french not spanish at all! LOL You can read more about it at ::http://www.mounthoodhistory.com/historyblog/?p=53
I hope you do not mind this glance at the past history of the area. Good luck, it is a beautiful spot, I wish I could live on the mountain again! Anzy Faubion email@example.com