Naturally I was skeptical at first, but I decided to purchase my first couple of rentals to see for myself how things would work out.

That said you could easily work out the cap rate of the purchase by taking the net income you receive from the farming operation and dividing that by the purchase price. 

When estimating, I would work up multiple sets of numbers to see how it might work out if things don't go to plan. 3.

if this is an owner occupied property and the loan was used by the owner to buy the property to live in.. then they are by federal law able to request a 3rd party mediator to meet with them and a representative from the bank and try to work out a re pay planthe issue is many in foreclosure never follow up on this and basically waive their right to this meeting. that would be step number one get into the federally mandated mediation if the owner and the property qualify.

Mueller (I don’t own any, but I want to).I have more, but finger workout for the day, done.What are yours?

A family who all want a yoga retreat?

if an appraisal comes in low and it doesn't work out? 

Often ADU projects have comps where they compare the ADUs to little office spaces, personal yoga studios, etc.

If it doesn’t work out, it’s just money at the end of the day.

The hardest are when it's a one-lane driveway for a multi because then the tenants have to work together.I think you specifically have learned how to work out some kinks from house hacking and being on-site first before you were off-site.