Hey @Mary Anne Echu, welcome to the BiggerPockets community!

DSCR lenders are much more flexible with income requirements and don’t require W-2s or tax returns.I’d be happy to connect and chat more if you’re interested!

so I used 1.5% as a property tax number, and I used $200 mo for insurance.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

So, in your considerations, I would park right there for a bit and determine how this would look for you.Since you have about 2.5 years to think about it before you would need to spring into action to take advantage of the rollover for tax advantages, maybe you try on a rental and see how it fits. 

Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.

So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties).