Hey @Preet Oberoi, so a tiny home like you are describing isn't real estate but more of an RV.I would get with a CPA like others have said to get the skinny on the deductions.

I was more focusing on 20-30 minute commutable distance with a good school district (for SFHs) and downtown for MFHs. 

New to real estate I hope I can learn about the market on here.

You also wouldn't want to create a cloud on the title, so doubling down and working with a legal professional/attorney would be best advised. 

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

What do you think of my essentially 7-word answer? "It's like selling pizza by the slice".  Too simple? Just right? How would have you answered? 

I relate to this heavily. 

I'd rely on her to handle much of the day-to-day management.Given this, we're leaning toward a single-family home where we can comfortably rent a room to someone we trust.

Down Payment: 20% of the purchase price, equal to $43,0003.

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