I lived in 3 different neighborhoods, purchasing my first investment property in one and now permanently residing in another on the other side of town.Like others have mentioned (and in my own opinion), SLC and Provo will feel distinctly different and be unique in their own ways.

They're similar concepts with one main distinction: in a Wrap the deed transfers to the seller and in CFD the deed stays in your name.

But here’s a clear distinction: your goals need plans.

As Russell said, the distinctions vary and can be quite restrictive, which most ADUs only being allowed to owner occupants, meaning you can live in the ADU and rent on the house or vice versa, but technically it’s not allowed once you’ve moved out, though I’m not sure how this is actually enforced.There’s also quite a bit of confusion in DC on the distinction between ADUs and creating a separate legal rental through a 2 unit or more flat conversion, even at DCRA, which looks similar to creating an ADU but is a distinct process that yields multiple separately metered and legal rental units, with no owner occupancy requirements. 

Three very different distinct things happening here, all important to understand especially because there will be negative cash flow until you reach break-even occupancy.

This distinction allows you to ask him to leave after 6 months if you give him his large deposit back.

I'm asking in part because I've never heard of the distinctions you are making. 

@Allan @Allan Smith - there is a distinct difference between speculation and a sound investment, but it's not obvious.

So, it's a tough distinction: keep rents where they are or risk having a (hopefully brief) vacancy?

You can't "include" state income tax estimates with federal income tax estimates as the IRS and state DORs are separate and distinct governmental agencies.