(you will be singing Aladdin's song) " whole new world"  cos what you want is basically learn how to get and catch the fish , and for that there is a lot of components, such as the Rod, the catch , the current , the river, etc( you get my point right now you are getting the fish and trying to eat the fish our resale the fish .. ( nothing wrong with that ) Is just a matter of what you are trying to accomplish.  

 $1m to $2mm with a retro component is a big number if this is your first time.  

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.