In my area the water company will forgive excess usage if it can verify there was a temporary water leak causing it. 

I am considering keeping my current personally owned home/farm and renting it as horse owner property. already completely set for 2-4 horses. my personal interest rate on the property is 2.6% and I don't want to loose it.

If you locked in a better interest rate when you bought the house then you might end up loosing it  and replacing it with the current higher interest which could cut into your cashflow. 

We have been in the Smokies a long time, and many guest accidents, some of them life threatening over the years, could have been avoided with an annual risk management walk-thru:- Loose or rotting steps- Nails poking up through deck boards- Stinging insect hives or infestations- Ceiling fans that are barely hanging on- Loose deck, stair, and landing railings- And oh, about a hundred other things!

If something this simple and NON-panic is panicking you to loose sleep, your int he wrong business bud. 

We're funding in excess of $35mm a month in short-term, construction loans, so we're doing something right.As for the idea that some construction manager builds your rehab schedule is false.

If you invest the $25,000 in real estate, well even if you totally mess it up and buy a really bad deal, you'll still learn a lot, and what if you loose $5000-$10,000-$12,500....you still have 1/2 your money left or more.   

We loose almost all of the site line if my neighbor decides to put up a sign, plant shrubs, let their tree overgrow, etc. and this is in the riskier direction from our stand point.Our argument was that we have 400' in the direction that has a flat straight away (theoretically faster traveling traffic) and have 3xx' in a direction that the traffic is traveling up hill with a shorter stopping distance and time, most traffic will be coming off of an Interstate off ramp which in theory they would be well under the speed limit when as they approach our property.To answer your question: I am undecided if I will do more development projects.

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

Once you’ve paid in a considerable amount of your wealth year after year as you’re building you’re business (I built an insurance brokerage from the ground up but new to real estate investing), you become frustrated at the lack of competence and accountability you find even in qualified CPA’s as well as the excessive amount you seem to pay Uncle Sam.