My main question is whether it makes more sense to go the seller financing route and pay off the principal in 8–10 years or stick with a standard 30-year loan.My thinking is that the tax deductions from a mortgage wouldn’t outweigh the potential equity I could gain over those 8–10 years.

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

I won't be able to make the cottage legal rental without living in the primary home myself.

After a grace period of 1.5 days give another notice and mention legal action or law enforcement5.

The buyer pays taxes on the crypto gain and the seller pays taxes on the property value gain.

Managing your own property and finding tenants is a great way to gain hands-on experience.

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

That is, they take the arrears, the late fees and any legal fees and they create a 2nd.

It’s better to start small and gain experience than to get stuck overanalyzing.Keep the questions coming!

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.