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Unsoundness is the deal breaker.

Poor conformation.

I bought horses that needed rescue and improved their groceries and retrained them to be reliable horses and resold them for a number of years. Always sold to good, reliable, homes. I quickly found out two things.

1. You cannot make a silk purse from a sow's ear.

2. A good horse took as much effort as a bad horse (conformation and soundness) so you might as well work good horses.

So that is what I did.
 
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