@Bruce Frick No, all the owner carry deals I have done the bank has accelerated the mortgage and required it to be paid in full prior to the promissory note being filed.

I really hope that I would not have to wait around and file the writ of possession, which could take months before I can enter especially since I plan on living in the property.The neighbors doubt the owner will put up a fight but I'm still seeking advice from those who have gone through the auction process before....

3) Be incredibly wary of filing for a penny over $50,000...I regularly file my appeals for $49,500 even if I could be reduced more.

The asking price was $95k, and they had a quote on file from a foundation company with repairs being estimated at $30k.

Typically they don't report to your credit file so they help keep you DTI low. 

Every roommate has a written yearly lease and a security deposit on file.

Below are current mortgage and refi detailsprimary home - 15 year/3% fixed / still 12.5 years left / 310k outstandingrental - 30 year / 4.375 fixed / still 29 years left / 175k outstandingrefinance primary residence - 15 year/ 2.875 fixed / 485k loan / payoff rentalthe idea to payoff rental sounds exciting..but I am worried about the taxation..is it possible to deduct interest payments (approx 35%) when I file taxes in 2021?

Does anyone have any good CPA recommendations for someone that can assist me with filing taxes when I own rentals in a couple different markets? 

It might also be worth helping the roommate understand that evictions can turn up in background checks as soon as they're filed - it doesn't have to get all the way to set out day. 

Has anyone ever filed a Fair Return Petition in San Jose to increase rents beyond the 5% cap?