Buy and Hold (occupied)    most common policy for that situation is a Dwelling Fire policy (some companies call    them a Landlord policy)  In terms of how the value of the coverage there will be on the building, the main two types areL:1.

So for me to sell this house at 200 is unreasonable for any scenario, even if it is just the fact that the house is stuck in the 1980s?

Potentially Higher Profits : New homes can often command higher prices, especially if built in desirable locations.In Charlotte, new construction is booming in areas like South End and Ballantyne, while Louisville has growing interest in neighborhoods like Norton Commons.

The reason it is this way is the TRUSTEE's power of sale in the deed of trust.. its not  a MORTGAGE like what is common on the East coast...

Like you said, a real estate attorney would be a valuable person to talk to, but here's what I have: Considerations: short/long-term rentals, co-ownershipTo keep your favorable mortgage rate, you can consider a Joint Tenancy or Tenancy in Common agreement without refinancing.

A common area will need to be cleared as the other ADU will be build.  

Do you mean Tenants in Common when you say TIC?

The house is a high ranch single-family home with three bedrooms, a bathroom, living room, and dining room on the first floor, and a finished basement that has a full bathroom, bedroom, and common area.

More of these scenarios to come soon!!!

Ray, the strategy you're describing is commonly known as "seller financing" or "owner financing."