Welcome to the CT group.
You will get all levels of answers... and you will get some jabs about your ideas.
It sounds like you are doing alot to try to learn about the cattle business. I honestly think that wanting to do something like having some bulls for collecting is a "bit" beyond most realistic ideas at this time. Most bulls that make it to the "collecting stage" are from previous well known farms that raise alot of cattle... or have some exceptional genetics that produce a bull that catches someone's eye... there are always people looking out for some "outcross genetics". Sometimes it is just a representative from a semen company, that might deliver some semen to your farm and you say hey, look at this bull I raised out of xxx semen I got from you 2 years ago... or someone that is watching the show rings and sees an outstanding animal, and does some checking into the genetics behind it, and goes from there. BUT..... you will be YEARS down the road from collecting a bull that might make it into a profitable situation.
That is not to discourage you. I agree with the idea of getting say 2 calves/feeders. They like company of their own kind... Raise them up for beef... Or get a heifer and steer, put the steer in the freezer and get the heifer bred. Find out if you really are suited to cattle. Some people are not. I have a friend that has gone into hair sheep and has found her niche, after having some cattle on a small scale....
I totally agree with doing any/all kind of work on existing farms... to try to get some experience. 5 acres, even in SC with a better growing length season, will still only be able to feed 2-3 head of cattle... with rotational grazing, with a house and all on it also. I am here in the shen valley of Va and we figure an avg 2 acres per head... and that is NOT continual grazing on that land... we rent alot of land, and do alot of rotational grazing. We also make hay on ground that is not fenced just for the keeping the ground open, some poor quality... as well as our own improved hay ground.
You need to figure in the cost of keeping an animal or 2... We figure it costs at least $2.50 per day, over a years time, to feed and properly take care of a cow. You may/may not get any advantages for a small farm there as far as tax relief with the amount of acreage you have. Feeding an animal is not cheap; FENCING is going to be a huge expense.
You need to fence the perimeter with a good fence... 3 strands of barbed wire is not going to cut it long term. Electric fencing will work for some things... but I do not like it as a permanent fence. Electric netting works good for some things... BUT I want a permanent.."hard fence" like woven wire around the perimeter of my animal fields/areas.
I remember starting out on a shoestring... and nearly going broke many times as I struggled to "get bigger".... Taken me 50 years and a big strong son, to help with some of the work, to get to where we are. I work in the dairy industry.... have for over 40 years... to help "pay for" my 'hobby" of beef cattle.. Son has worked a full time job also for 30+ years... we farmed on the side and have built up to a good sized operation, 90% on rented/leased land...and with recently buying a farm, a fair amount of debt now....
It sounds like you have a good head on your shoulders as far as spending money on something "tangible" like land, instead of the "I want this today" with no thought to the future... That is COMMENDABLE.
If you like the idea of "homesteading"... which is great... you also might like another forum.... BYH...... for smaller scale homesteader, self-sufficient type people.... (back yard herds). Gardening and growing your own is a great way to make your land productive at home... give you that satisfaction that you can't get in an apartment or condo... I am a homesteader at heart... but that is more of the self sufficient personality.....
Great to have dreams.... be willing to modify them as circumstances allow... and willing to make a 90 degree turn if something might get you somewhere from a different direction. Understand that you will be going "up against" well established people in that area... for expansion like renting etc.... but if you get in with someone that you can work for/with, then that will give you some insights. And no offense... I am assuming by your name, you are female.... I am also.... and it is more of a "man's world"... so get a tough skin.... keep your mouth shut and LISTEN to any/everything you're told... then in the privacy of your own place, take it out, examine it, and decide if it makes sense or not.
Several magazines will help.... read any/everything you can. I have gone the gauntlet from Small Farmers Journal to Countryside, Mother Earth News to Graze... I like Acres USA, and Stockman Grass farmer.... and there is one out of Ohio known as Farming.... produced by Amish farmers for smaller scale operations...
Your local extension service often offers classes, workshops, on different topics... most are free or the cost of a supper meeting... GO TO THEM even if it is something you don't know much or anything about.... You will make more connections that way; and if you make IN PERSON connections, that might lead to others that might be wanting/trying to do something similar.
Go to the local stockyards... sit and WATCH..... LISTEN... see what is selling... see what the better feeder cattle are bringing... most come from farmers running good bulls, and most of those bulls are bought at local/area "bull sales " for $3-8,000 on average. They are good bulls, but most of those bulls are NOT "good enough" to collect for big semen sales or to go into bull studs. ... most are out of AI breedings. There are tons of bull sales around and many of us will buy a bull to improve the next calf crop out of our cows. Unless you are big into show cattle or have a many year reputation of extraordinary cows, you will find it near impossible to sell semen. Plus it costs an average $2,000 or more to develop them to a sale age of 15 months or so..
so bulls are a very expensive proposition.
One other thing... BULLS are not a nice sweet quiet animal.... they can be very decent to work around if you are experienced... but they require fencing that is exceptionally sturdy... to keep them contained.... and their hormones will preclude that they will want to go finding girlfriends.....Bulls are not for inexperienced people or people that do not have the kind of fencing that will keep both the bull, and the neighbors safe.
PM me if I can answer anything you do not want to put on here in the general forum. The little envelope top right of the screen...
@TCRanch is another female with a long history of exceptional cattle... and she buys all her bulls for her operation....sells feeders that go almost exclusively to one buyer that finishes out beef for a name brand specialty label.