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.

Also get me out of more debt/risk.I would put 100-150k into savings for a primary home for my familythen i would put 300k into Bitcoin...just kiddingThe rest of the money I would likely want to "work with".

I have the funds available today for the purchase of a rental property as well as a primary residence, but I also want to set myself and my wife up to reach financial freedom.  

All depends on the interest rate on the primary home and if fixed.

While others above have highlighted the ability to purchase a property with 0% down, there is one large stipulation: you must purchase a property as a primary residence.

The primary advantage is the tax-deferred or tax-free growth—like other IRAs, any profits from real estate investments grow without immediate tax consequences, which can significantly boost your retirement savings over time.

Purchase price: $350,000 Cash invested: $50,000 Sale price: $550,000 I acquired this property in 2015 and used it as my primary residence for two years.

Your first property should be your primary residence, period. 

@Elizabeth Lebit's either house hacking (if you're looking to buy / live in a new primary) or nothing.it's not enough to do anything else.

If you drop business and work you can bounce back.