This doesn't have to be the one you choose, but you should focus your energy on one asset class or strategy to vet it thoroughly.

Looking all over the country is just going to be either overwhelming or waste a lot of energy

And for the same reason we don't put table saws in our living areas (yet) its stupid to put dishwashers, mixers, blenders, and other noise generating kitchen equipment in the same room.

In my opinion most banks will offer a business checking account, but you'll want to save your time/energy to those banks that can also help you on the lending side.

Cash-Out Refinance: If you refinance the property, you can pull out cash based on the equity, which can be used for down payments on BRRRR properties.Collateral for Loans: The farm can be used as collateral for obtaining loans for other investment properties.BRRRR Investments:Immediate Cash Flow: BRRRR properties will likely generate some positive cash flow right away.Faster Turnover: BRRRR allows you to recycle your capital more quickly, aiding rapid portfolio growth.Initial Investment: $60,000 can potentially fund multiple BRRRR properties, providing diversity and multiple income streams.Farm Investment:Emotional Value: Maintaining the farm within the family has intrinsic value that cannot be quantified.Long-Term Appreciation: The farm's value may appreciate significantly over time, providing a substantial future asset.Monthly Cost: The $400 monthly cost needs to be factored into your budget, as it’s a non-cash-flowing asset in the short term.Decision Points:Emotional vs.

We have our own personal home, but are interested in the idea of having some rental properties to generate additional income and build wealth. 

It truly is the best way to achieve generational wealth. 

Most transfers are occurring between previous generations and younger and updated or modernized properties are few and far between.

You tried your shot, why waste more energy and time in this?

Negative cash flow is not a deal breaker for me but as an investment I have to see a means to generate return that justified the effort and risk of residential RE.