Probably not helpful here, but will throw it in anyway. Back in my working days I became acquainted with a small building construction/ real estate owner outfit. Father & 2 sons operation. Beside doing construction, they owned a mix of residential, commercial, & farm land. Not a hard rule, but a starting point. This was in southern Mn, close to Paul, Flying Belgian, & Kow Farmer. The old man said rent income should be 1% of cost monthly. That would pay for the investment, real estate taxes, insurance, upkeep, & a reasonable profit. Eg: a $500,000 commercial building should bring $5,000 rent monthly. Single family residential they wanted 3/4 of 1%. Farm land was split rate. Tillable land brought 1/2 of 1%, while a building site brought 3/4 of 1%. Tillable land was taxed at a lower rate than building sites, & didn't have structures to insure. A 500 acre farm with 5 acres of buildings would be 495 acres at 1/2%, while the 5 acres with house, barns, sheds etc brought 3/4%. Being in the construction business, they had a close tab on their costs. Times have changed somewhat, interest rates are a lot lower now. Also farm land prices & building construction costs are higher now. Willie
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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