I (obvious) don't have a background in accounting or taxes.The history of my coming to be the sole shareholder of this s-corp is complex, long and, I have no doubt, filled with tax-planning blunders.In case anyone is still interested, and inclined the help, here it is in as abbreviated form as possible:1967:  5 families bought this property as a summer vacation for them to use collectively1980:  1 of the families sold their share (20% of the property and what is effectively a lifelong lease to one of the 5 cottages). 

I have just completed a full remodel of the basement unit which will be up for rent here soon and there is a long term tenant in the cottage house in the back.

This could mean asking double the value a developer might pay for a run-down cottage on a large lot.

(Palm Cottage in Airbnb).

ALL you care about is NET, cant pay your bills with gross :) DP, down paymentEM earnest moneyOk now pay me 10k LOL,  We need to "go guru" mateCrazy how much cheese some folks are making... lol

For that asking price I will buy a small cottage near the beach. 

Should you want down the road, think about buying a home with a laneway cottage or an inlaw suite for her and the main house for you as that will cut down on housing costs. 

All jokes aside, why don't ya tell us why you feel cheese-land is now the REI-land. 

ADUs are so popular here that an whole cottage industry has sprung up around the quick and inexpensive conversion of garages.

Also, do cabins do better than ranch style homes and cottage style?