You have the means to purchase and intend to offer owner financing (you) to the buyers of your lots.That sounds pretty straight forward as long as you are able to carry the loans and deal with any defaults.I don't have a background in raw land deals, so that's all I got.Thanks for the feedback and I will keep these things in mind as I move forward. 

Sounds like a good situation from the employment perspective. 

The house itself sounds like a winner - you've got 340 in the house, it sounds like (315 you paid plus 25k of your own cash) and you got an appraisal at 515 - that's 175k of forced appreciation.

This sounds like you need an attorney to do this.

Sounds good!

Seems to me cohesive set of laws and rules regarding this activity would benefit  both the public and those that want to engage in the activity.  

2-4 unit in New England sounds like a solid next step!

Rejects County’s Allegations That Lenders Engaged in ‘Integrated Equity-Stripping Scheme’14. https://www.pinecountynews.com/opinion/columns/protect-farmers-from-equity-stripping-scams/article_e2cfa266-7caa-11e9-b749-830948f9d469.htmlEquity stripping scams were particularly prevalent in the early 2000s.

The reality is a lot harder than some books make it sound like.

Wow, that’s a tough spot, and it really sounds like you tried your best to meet them halfway.