Washington was the operating partner, with the land being developed for small farms, houses, grain silos, tanneries, barrel manufacturing facilities, churches, stores, etc. 

Thank you and I have had my fair share of $16/hour jobs, I’ve worked at a brewery, worked at a Christmas tree farm, worked at a golf course, and worked at a CNC shop.

Just a farm field. 

I have a good connect with an insurance broker at state farm here in Chicago.

Farms are getting larger and don’t want small acreages.  

If someone is investing many millions to tens of millions and up then can have a different conversation.Some syndicators starting out might give away the farm to just get going but if they start showing success their cost of capital usually goes way down.So their are some LP's worth 50 or 100 million that know how to evaluate deals and might take a cheap flyer like 50k or 100k into these newer GP's if they feel deal on its own strong and the new GP just got lucky to find great property at great price.

My STR is covered by a commercial hotel/motel policy from State Farm.  

The only quote I've received is from State Farm.

I personally would shy away from All State and State Farm.

(Sometimes larger jobs do require deposits, but we are working with companies we have used many times in the past or have some sort of draw schedule as work is completed).