You want them to harvest it and take it home.

(The upstairs toilet that was cracked in half has pink paint behind it).  

-Arlen Lol...ok I'm newer...but I've heard of refinancing...thought you had come up with some new way to get leads or something...lol.When you refinance, what percentage of your property can you go up to....several here say no more than 70% LTV but I've read there are some 80% LTV loans out there (maybe more)  and I feel that 80% would be a real sweet spot, harvest the equity -tax free :), stay away from PMI,  We started building models on 80%, but then I started reading that some never counted on more than 70% so we stopped that model...make my day Arlen and tell me you've been getting 80%+ with a low rate on 20-30yrs with a small refi fee....you don't have to tell me the bank but please tell me they are out there....if they are I'm having a beer tonight with my supper and will owe you one when we finally meet, just for lowering my blood pressure... cause those models looked way better for us than the 70% models looked.And that picture doesn't make you look a day older than 29 ;)

For those not acquainted with farming and ranching, it's feast / famine, running on credit until the harvest or selling the herd,flock.

You still have your Land I replant it and I pay all your harvest and severance tax's... great deal right..

I now paint them the wall color.The only time I let a tenant paint a room, which was along time ago, was in an older home I rent and I did not have the paint color because a bought a $5 can of reject paint, I got a lime green and pink bedroom (two walls lime green, two pink).  

Oh, another paint question: I have a tenant (being evicted) that got mad and threw a full gallon can of enamel exterior pink paint against a concrete house that was painted with latex paint.

He must do soil tests and enrich the soil, build new irrigation system, dig new agricultural well, build caretaker's quarters, plant trees, allow trees to grow for 5 years before he'll ever see his first harvest.

Latent untapped value that can be harvested by a new operator.

Another wrinkle in the argument I never even addressed is that the appreciation investor could harvest the appreciation - assuming interest rates were low enough - as they went and redeploy that money into other assets, increasing their return.