@Andi Quinn, you handled this situation extremely well, and based on what you described, a two-week rent abatement seems excessive.

A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Policies like this have a minimum allowed death benefit amount (as specified by the IRS) based on several factors.

Please consult with an attorney that is familiar with 1031 exchanges.If you move into the farm after two years and later sell it, capital gains will be prorated based on investment vs. primary residence use, limiting your Section 121 exclusion ($250K single / $500K married).

It is DSCR based and no personal tax returns are required to qualify.

Not sure where you are buying but your profile says Winnipeg so I'll answer based off that.

I'm based in Perth.

The power bill would be prorated based like you'll pay the first $125 and then bill them each month.

Based on the growth in that area, I suspect I will be able to refinance within the 5 year window and not require any cash into the deal. 

As someone who occasionally works with these investors, I always try to emphasize the challenges that come with real estate like managing renovations, dealing with tenants, and navigating market fluctuations.