You can also try to break down the rent bump for each upgrade to see the ROI per upgrade, but its a lot of guess work.   

And actually great that she communicated it. 

Qualified use refers to real estate held for investment.Now here's the exception - if part of that farmland is the tract of land you live on then you actually own two properties. 

Property has appraised for a near $2m increase in valuation, after renovations that cost sub $1m, actually sub $800k. 

That is why you need ACTUAL cash to buy at the court house steps.

I think debt is good if your goal is to scale and grow your wealth.if you will own your personal residence and as a result just be responsible for real estate taxes, insurance and upkeep, your living costs will potentially be low and you don't need much leverage or a bunch of properties to support your lifestyle.If I were you, I would sell the wedding business since it likely is time comsuming since its an actual business.I would not pay off the two other properties since the rate is low.

Don't get overwhelmed, real estate is actually very simple. 

My guess is you are calculating of a thirty year fixed.

But I would make sure you cover the replacement cost value (RCV) and not the actual cost value (ACV) which is typically less coverage.

There was actually already a law like this on the books in Oklahoma for years that had not been enforced for ages but could have been (it was poorly written as it said that that it did not apply to "Indians" born in the US,  I assume they meant native americans and not Indians from India).