thanks Account Closed i have deff decided to forgo that farm property- or at least that particular one.

If you are fully approved for a long term loan, now would be a great time to get into a small rehab and get your feet wet with little risk given where rates are and your strategy is long term.If you wait for a buyers market when you can get into deals again at 70-75% of ARV but the fixed rate is 6-8% like it was 10 years ago you are actually in a less favorable position for going long.My advise is get as many rentals as you can right now, start slow if necessary to gain experience.

Selling a couple of duplexes out of 4 to make room for going after apartment buildings.

Especially if you're within 500 feet of a frequent transit line and can forgo some of the parking requirements.

It gives a great model for going from one property to the next and literally doing what the title says.

Many of my thoughts and reasons for going this route were already mentioned by @Ali Boone. 

That sounds like a good mindset for going into it, and I'll definitely take your advice.

If you are purely betting on continued appreciation - that is a different song & dance.

The 2nd grade sang us a song, another class read us something, the FFA read us their creed, the local Police Chief gave us a special coin for partnering with the community and then there was the gift baskets and 100's of Thank You cards from the different classes for the donation of the land.  

Not only would you have had multiple lawsuits against your company for going onward with your client's requests but your company's reputation would have been tarnished.