Right here on BP, in the BP Store:https://store.biggerpockets.com/products/lend-to-liveLend to Live is the bible for HML. 

The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

@Brian DeanI invest in Ontario and I live in Winnipeg.

If they move in with a made ready home they are more likely to take care of it while they live there. 

You can now live on that $200k if you want. 

And that’s fine it’s not like I will out live the depreciation.

I don't live in CA, and wasn't aware of the Prop 13 passing to the next owner if it's parent to child and both live in it as their primary.

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

Better sell everything and live in an underground bunker.