The lawsuits for wrongful death, civil liabilities and other media attention will consume most of your waking hours for a couple of years if it was proven you failed to maintain the property and contributed to the death of one or more individuals.It won't matter if you have great insurance, an LLC or whatever asset protection plan the latest guru sold you.

However, it may be more difficult with most traditional lenders unless you have experience and a proven business model. 

I would recommend making a trip unless you have someone with a proven track record that you fully trust on the ground.

Price Control policies have been proven failures and will be counter productive to our shared goals.We need good policy!

Price Control policies have been proven failures and will be counter productive to our shared goals.We need good policy!

I do realize that if interest rates rise the options to extract equity become less palatable.I also recognize coastal So Cal is not the typical RE market.Finally I recognize some of my appreciation gains have been forced appreciation significantly aided by market appreciation.

We all placate this topic with "must do your DD...know who you are doing business with" but never seen a method or proven principles.

Your best bet (besides finding a HML) is to go to small local banks, who might be able to recognize the value in the farmland.Best of luck to you!

In general, capitalizing expenses is beneficial as companies acquiring new assets with a long-term lifespan can spread out the cost.So I guess he's recognizing about 1/3 of my expenses and the rest of the expenses he plans to deduct over time for future years?

If you have unrelated entities then yes they could swap properties with no gain recognized as long as valuations worked out.