I have done extensive research over the past several months in regards to housing components (sewer systems, plumbing, siding, HVAC, electrical, roofing... what is necessary and what isn't, at what year does it need replacing, hardwood vs. engineered wood flooring, circuitry, drain lines etc. etc.), how to property analyze a market within your farm area, what to look at when running comps, how to properly schedule a SOW so it stays on track (or as "on track" as reality will allow!

Just because owner financing is offered, it's only one component of the investment. 

So, here’s the answerYou Start at the beginning and ask what your goal is.Real estate only consists of a few components. 1.

Some things are considered tangible personal property depreciated over 5, 7 or 15 years, some are considered building components depreciated over 27.5 years.

Also experience plays a key component as well.

The auto-renewing component of the lease shouldn't prevent me from billing him back the w/s bills, right?

As long as the person getting into the business realizes the commitment, hard work, risks, capital needed, organizational and operational skills necessary, and time component, and realizes that they are starting a business and not investing in real property, then they have the same chance for success as any other business startup.

If you buy it for those other reasons, then maybe its accounting component will do the job.

Obviously my goal is to be profitable and as long as all of the components relating to the property and the deal allow that to happen then there aren't any restrictions as to where I would invest.

I would challenge that appraisal and ask why she did not adjust for newer components in your house.