Buying a waterfront to rent out main house and live in boat house

[Brett M.]

I'm attracted to living in a waterfront home except all the ones in my area are mostly large homes and I don't want or need 2500 sq ft plus to just myself. A lot of these house have little 500 sq ft boat houses with a bathroom and shower.

Would it be crazy to buy one of these homes to rent it out and live in the boathouse?

My one main concern is a lot of these homes would rent for quite a bit of money and I'm kind of wondering if these higher end clientele might steer away from a property like this with the landlord living nearby.

[Deanna McCormick]

Most SFH can be rented you'd have to get a rental license and comply with city code, but with living on the property you may not have to have it licensed.. and this way your eligible for homestead on taxes, the city doesn't need to know where your living,,, house,, basement,, or guest house,,