Quote from @Jonathan Klemm: Sounds like you are no doubt heading in the right direction @Jason B.!  

I look forward to seeing it when it's complete.

from my advice rural properties and developments aren't successful and you are climbing an uphill battle. sounds a little niche. we focus on developing and not reinventing the wheel. if this is truly what you want to focus all your time and energy on then visit the closest 5-10 of these that look like the ones you are interested and ask if they'd expand or build a secondary one. do a lot of research before you just take action 

"Good about deductions" sounds a lot like "doesn't make enough money to be a homeowner", so he should keep renting from someone else, and you should do what you're going to do with the money and wisdom you earned.Of course I don't know your son, but I think this is too dicey and you are too close to the situation.  

This partitioning of the property and doing a simultaneous closing completely changed the trajectory of the deal.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

This sounds like a great property.

Sounds like a scam to me.

It sounds like you're doing great research ahead of your first flip.

This process is relatively simple and can be completed through a title company or real estate attorney.