Account Closed in MN and CO we charge 4 points and 15% on a 9 month term.  

The horses are bred for working ranch purposes,and many still carry the bloodline of the famous quarter horse, Poco Bueno; The cow herd is approximately 60 percent straightHereford with 40 percent Angus/Hereford and Brangus/Hereford cross.

In addition to the podcast, blogs, and forums, I found the BP books to be super helpful and easy to digest: http://biggerpockets.com/books and there's also a free intro video course that has a lot of the same material as the Book on Rental Property Investing: https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing

If I could cut that overhead out this property would be a cash cow!.

Day two was also capped off with happy hour and was a great chance to take a collective sigh of relief and to digest and discuss all of the great information we just spent two days taking in.

One thing you should have a solo 401k and be maxing that puppy out.. the buy GREAT performing notes in it.. and or as other suggested do some syndication investments.. those are ALL about the sponsor.... you need to be very careful who you pick when you do those.and a Roth IRA as well.. go see a real good CPA and do some planning... if you like flipping nothing wrong with that.. but buying some income producing assets will help on tax's just depends.I would also look into MHP in those areas those can be a very nice little cash cow machine ...

I have a duplex in NC with similar numbers to yours and it's a cash cow.

Thanks a lot guysA lot of info to digest : )@Saul L.

I was just in SD for work this week, holy cow they aren't giving away condos anymore now are they! 

Lots to digest here, @Andy Basler.