I made this comment in some other forum but it applies here so I would like to receive your feedback on it directly in this thread.Passive (leasing) ranchland annual yield is 0.05%-2.5% depending on Location.Bozeman = 0.05%Carlsbad New Mexico = 2.5%The livestock enterprise profit margins should double that, thus taking one’s Net annual yield on all capital assets (cattle & equipment) to 5% (with immense risk behind that).The livestock operating entity may not be that compelling of an investment pitch without integrating the historical risk/return performance of rural land, though there are lease operators who are probably in the annual net profit margin of 10-15% (lean operators.)The intangible and “psychological” benefits do (subjectively) provide a higher annual yield; quality time with family, being in nature, hunting and recreation, freedom independence and diversity of one’s day/month/year.Does this make it a “lifestyle” business much like cupcakery and boutique pottery?

A Versatile Gem: Western ranches aren't just about livestock; they're playgrounds.

I bought a 350 gallon black rubber livestock watering tank from a farm supply store, $250. 

Don't put the drain field or other parts of the system in a high traffic area including driveways (if it is just a pipe, I put them into a second protective enclosure like a culvert style pipe), under something you are going to build or livestock area.It is best to not have a disposal in your kitchen when you are on a septic.

@Rodney Walker thanks for the tip, I want to rent a raw land in Dominican Republic to export livestock to Asia

You could do a Timber Sale to purchase infrastructure/livestock and pasture development.

Steve MightAs I mentioned in prior posts, we have moved away from being "pet friendly" in most of our properties for some of the very reasons you are now encountering: a 2K floor refinishing on a 1-2year turnaround grows old quickly.In the one property were there are still pets (3-dogs, which we inherited with the building), we have used commercial grade vinyl {think Target, Wally-world, etc} and it appears to be standing-up to the livestock.

But tourists certainly would not as the towns are 25 miles apart which, in a snowstorm could mean well over a 2 hour drive.Steamboat is also about 10 square miles, so if there were a "bad" part of Steamboat (and there isn't), the whole town would be close to it.Steamboat has a quaint downtown area, a very definitive ski-resort area and then the rest is all highly agricultural with cattle and horse ranches as well as farms that grow livestock feed crops like alfalfa.  

Sometimes the taxes were gold, lumber, grain or livestock, other times land-holders provided manpower in exchange for the protection of their ownership interest (ie governors provided laborers for the pyramids, lords provided the king soldiers for wars). 

I've done deals with livestock, machinery, cars, boats, an airplane, timeshares, vacation packages, labor traded, professional services, swapped RE, took jewelry as collateral, about everything but the first born, all of it was simply using other assets to leverage a deal or trade in lieu of money.