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We are looking in Elizabeth mostly. We will not even look at places that have an HOA. We like the 5 acre property, it would just need a barn built and the floors refinished. The house has everything we want though.
We want a couple horses, a cow (dexter also), possibly a couple goats, and a bunch of chickens. I think we could manage on 5 acres as long as the majority of it is pasture that we can rotate. I really have no idea though since I've never done this before!
If we bought the 10 acres we would not be able to replace the house. We'd be stuck with it.