He rents out part of the land for pastures to place cows etc. and then some parts lets them use for tree farms and also seasonal events.The front part he reconditioned an old farm house and has a bed and breakfast with an organic garden for the corporate type wanting to get away from the big cities and take a vacation. he is retired so he doesn't mind just making a little profit and covering the taxes on the land.

Pulled up rentals in the area: $720 - $834 range for 850 sq ft. assuming $750 rent.( $750 x 12 ) / $49,000 = 18.4 cap rate [ uh ROIL ]NOW I'M COOKING WITH BACON?

I had breakfast today with a franchise attny who has been practicing for 25 years.

That one piece of advice will save your bacon over and over again. 

@Arnie Guida, also there breakfast meeting on 3rd Wednesday of each monthExample, this week for breakfast meeting was about 50 individualsOne of conversations was about lease options here in Milwaukee / Waukesha countyAccording to group of experts -> 20 percentage is the success rate of lease options here locally ,, example- A lot of lease options failing (here locally)- down payments not covering damages( when lessee -> do not renew lease option or purchase - some our trashing the properties )

I am able to make money because I do.I got my start by taking an attorney that does tax lien work out to breakfast.

Eat breakfast with the inspector and you can learn a lot.Loan officers at banks, they want slow paid loans and potential defaults gone before they happen, this takes some skill, knowledge and a reputation, so develop your relationship over time.You public housing authority and Sec. 8 administrator deals with landlords, they know of marginal LLs and properties.

Hit them at breakfast, then it's top of the inbox not the bottom.

Joined Chamber and attend breakfasts.10.

I second property radar I had breakfast with Mr.