Of course, if the deal doesn't make sense, I won't buy it, and the rate does play a part in how well something will cash flow.But rate alone should not keep anyone from purchasing a good asset with the bank's money.Not to beat a dead horse too much, but remember the big picture here… The fact that you can borrow money at any reasonable rate relative to inflation to purchase a necessary asset that reliably appreciates over enough time and creates income is phenomenal.

With these discussion perpetually cropping up, it would be great if someone actually contacts the state to get the word directly from the horses mouth. 

Don't look a gift horse in the mouth...

Put it behind you, get back on that horse and get the unit ready for the next paying tenant.

The existing infrastructure includes an RV park with 16 hook-ups, complemented by an impressive 81,000 square feet of diverse buildings, featuring a state-of-the-art 54,000 square foot indoor arena, a 26-stall indoor horse stable, a 40-stall covered barn, public restrooms, and a 3,500 square foot, 20-foot ceiling insulated metal building.

It may seem like putting the cart before the horse, though your long-term strategy will help you decide where to get started.

Maybe I just got a horse-shoe up my wazoo but so far, batting 1000 after a few years into it. 

Fire pits, cowboy tubs, hot tubs, horse shoes, a nice telescope, pool, etc.

Tired of beating this dead horse, frankly.

As Claud Cockburn, a British Journalist, newly arrived in America observed, 'You could talk about Prohibition or Hemingway or air conditioning or music or horses, but in the end, you had to talk about the stock market.