Challenge: re-imagining family legacy into wise investment

[Denise Holder]

Fourth generation property Erie county PA. Want to  keep in family, but do so wisely.  $220K asking I qualify 200K. Plan to rent to nephew at (?) 1200/ mo. Basement can be studio (?) 500/mo. The house and land on two deeds to be sold in one transaction, non-negotiable. House appraises at about 175K. The land is the other 45K.  This is a sudden opportunity to own part of my grandparents original 50 acre estate. My brother owns the rest.  Giant issue. I currently live in Iowa and make much less money than I used to (voluntarily, long story). Most likely, given time,  I could find a better paying job in PA qualifying for the 220. I have no debt. great credit and about 14k cash. I could get more cash but my financial investor doesn't recommend it and I don't want to give up that security anyway.   I've considered asking for owner finance until I can get established in PA. OR, I've considered asking if I get my own 200k loan can I pay them an additional 20k within 5 years. Or asking "just dont do anything for 6 months. I'll pay your rent on the place they're moving to. In the mean time I'll get re-established in PA.    Any ideas?  advice?