Thank you all for your input! All very good questions to ask when we go look. I would probably end up gutting the inside of the stable itself, doing new stalls, wiring, flooring, and adding a tack room and x-tie area. I see what you were saying about hanging wires, and the everything in the stable looks pretty worn out.
I know you are all blown away by the taxes, but for the area we are that is actually considered average unfortunately =(
This place is actually below our price range so renovating the stable and fencing is definitely a feasible option. We;ve looked at similar properties that were actually in worse shape and were priced higher, so I think it's definitely worth checking out at least. I'll write down a list of the concerns you guys had, and bring my friend out with me who built her own (albeit very upscale) stables that runs perfectly. Hopefully she can point out some helpful things as well.
Anything else you think of please let me know!!!