In addition to the stalls, he also has 5 apt rental units on the property, a large barn that he rents to a contractor to store heavy equipment, horse trails, and he leases out a portion of the farm area to a local farmer who grows vegetable for "farm to table" restaurants.

The only difference is that I steer away from REITs, home builders, home improvement stores, etc. when possible in the stock market.

I do this and never have a problem because new tenants know they are getting freshly cleaned carpet when they arrive, so they should clean it for the next person.

She starts with a fleece freshly sheared off a sheep or (more commonly) an alpaca. 

You can use a standard real estate contract you get at a stationary store or have an attorney draft one up for you.

I look for deals on material but have a rule to not store any at my house.

The old tubs are nicer than the stuff you get in stores today.Set up an exhaust fan to vent to the outside, maybe with a new light fixture.

The one downside is that its not a freshly rehabbed property.

If you work a 9-5 job, you can't take 3 hours off during the day to help your wife take care of the kids, or go to the grocery store. 

Home Depot, Sherwin Williams, and the other home improvement stores were open and had inventory, so we know availability of items did not cause a delay.