Re: buying land to cash rent out (what do I need to know)
jj covered it pretty well. Generally no lawyers but make sure everything is put in writing. The tillable I rent out gives me two payments per year. I have no obligations for fertilizer, drainage, seed or any other costs. My farmer gets access to the tillable acreage only and can't sublease without consulting me. Generally these agreements can be done on a single sheet of paper.