Determine tax rate before buying.
Make sure that title is clear and the property lines definitely fixed.
If some income is expected, check on possibilities of location with that in mind.
Plan to secure income from intensive crop and animal projects, e.g., vegetables and poultry.
Use governmental aids to the fullest extent.
Carry adequate insurance on buildings, equipment and furniture as protection against fire loss.
Install protection against lightning.
Be sure electrical wiring is properly installed.
Don’ts
Don’t become heavily involved with fixed financial obligations at outset.