I wanted to have a spot to rent out and cover the monthly mortgage payments while securing a small spot to have for myself in the next 30 years for when I no longer reside in Charlotte but want to visit friends, or downsize.

The tenant isn't "happy" about the construction but understands that it's my property to do as I wish.Has anyone had experience with performing construction on a property that a tenant resides in?

Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Homestead versus Non-Homestead Millage RatesCounties & cities in Michigan are allowed to set their own millage rates, with one restriction – a primary residence (Homestead) is exempt from up to 18 mills of school taxes on their Homestead property.

There are foreign national programs with 25% down for single family residences and 30% down for 2-4 units with a $100K loan minimum.

Long term i would look to 1031 the property into either my primiary residence when i start a family(i rent now) or a better deal.

I kept my first house as a rental after I moved out and bought a new residence. 

Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.

@Priti AgLong-term residents often dislike short-term rentals (STRs).

Cities like Miami, Tampa, and Orlando offer diverse opportunities, from luxury properties to short-term rentals.While demand peaks during winter, when northern residents flock south, the state experiences fewer slowdowns in the real estate cycle.