Not to be left behind, institutional and public REIT investors persist in their pace of acquisitions, homing in on first-class developments and prime locations.Yields on stabilized industrial investments continue to price in a tight range over treasuries, which began falling in the fourth quarter due to slowing economic growth and the market's expectations of rate cuts beginning in the first half of 2024.Properties offering in-place rents substantially below market can still see cap rates in the upper 4% range, but a growing portion now trades in the low 5% spectrum.

"Fixer-uppers" have a bit of a smaller pool of buyers but if they are priced right and marketed well they will still sell (usually they have "as-is" language in the listing, like "price based on condition").

https://www.gabar.org/committeesprogramssections/programs/leg/upload/Winter-10-ACL-Proposal-Real-Property-Section-Utility-Liens.pdf

If you are handy and you live locally, it may work out  But if you need a contractor to come from a larger city, they will charge an arm and a leg, if they come at all. 

The horse property gives me a leg up.How did you find this deal and how did you negotiate it?

Buying a fixer upper is right up my alley.

That's going to dictate who you might market to and what the pricing should be.I have 2 units, the upper is 2 bedroom 1 bath with a potential small office.

As an attorney you already have the upper hand as you should value contracts, the importance of insurance and understand the mechanisms of litigation.

.; rent medians and lower and upper bounds, typical days on market before securing a tenant, local vacancy rates, tenants' typical income, education level, employment opportunities, credit, and rental history).

You'll put 20-30% down, depending what the bank requires, you have some for closing costs, and perhaps a bit for fixup (not a fixer-upper home...but no property arrives perfect).