Most large land listings sit around a long time.

It took them a staggering five days to list my condo on Zillow and other major websites—a task that took me only five minutes when I attempted it myself.

After similar discussions with other family and a family friend, we got together to talk about what we wanted.

@Parker FairfieldAlso be careful with financing in Vermont - it’s got some crazy laws even when seller financingDefinitely talk to an attorney prior to striking the deal.

Even though it did not go as planned and we turned out to not be profitable, I think it's just as important to talk about our failures as much as our successes.

I have talked to 3 other very interested potential tenants, but have not had them do application because I was trying to get information from students and didn't want the others to pay a application fee if I end up renting to students, but that may not be the correct process.    

Im a Realtor too so I just pulled in the driveway and talked directly to the owner and it took a few months but I was able to keep in contact and work out a deal.I learned A LOT about the importance of vetting any professional/contractor (and verifying any proof they provide) before they start any work.

In this situation, we're talking small numbers.

Good luckI agree with everything you listed as to what the problems are. 

Just listened to a podcast where the speaker talks about monthly cashflow of $5K to $10K!!!!