Originally Posted by Erichy
The other thing is we have no way to research the owners ledger because they have it as a hobby and not a business, they just like having horses around.
Interpret this to mean it loses $$$s. Loving horses aside, if you're making $$ you need to maintain a good ledger for the tax man.
Does this sound like a another naive guy trying to buy a horse barn or am I at least in the ballpark?
I think you're in the ballpark. Rent a copy of "The Money Pit" (Tom Hanks/Shelley Long), make a bowl of popcorn, and enjoy. Posted via Mobile Device