Purchase price: $650,000 Cash invested: $240,000 I bought raw land ($170K) and designed the home and managed the construction.

Thanks all,Preston Henman Define your buy box, which area , what price , what size , how to finance based on your risk capabilities.

Was it a market based decision or a quality of life one?

Looking for recommendations for a land agent and title company in/near Frenchburg, KY.

Don't "make a deal work", it either does or doesn't based on your criteria. 

What land uses would classify as a student rental?

That said, you do not have to accept damage to your premises by any tenant, so you are well within your rights to charge these tenants for the damages or move to evict or non-renew based on the damages. 

. ;-)Does it make a difference whether a subject to is put into a land trust vs simply being recorded?

Another way of doing it is your brother putting the property in a title-holding land trust and then transferring the equitable interest to you.

This means that if the property was able to rent at top of the market rental price, call it "X", you would yield "Y" in cash flow based on the sales price and rental rates.Here is where you have to sharpen your pencil and if possible, visit the property in person.