It's hard to find comps because a garage of that size is an extremely rare find around here.If anyone has any tips on how to decide which way to go I would really appreciate it.

@Wilson Adams, consider making a small bet first.

A seems like the safer bet for long term tenants and the 18 yrs olds might jump around every year. 

Fees depend on size of the account and how you set things up.

Your best bet may be to sell the house may be to an investor for cash since an owner/occupant may also have difficulty getting a mortgage loan.

I bet you guys are excited to get things going you are in a good state to be flipping or making rentals for your portfolio.

When you get a loan servicing company you don't like, your best bet is to make your payments via snail mail check, with any additional payment being a separate check with "principal only" written in the memo line.

Now that I some money saved up, my plan was to put a down payment(FHA loan) on an apt for around 200k-250k, size, condition, and location is similar to my current apt.

Now that I some money saved up, my plan was to put a down payment(FHA loan) on an apt for around 200k-250k, size, condition, and location is similar to my current apt.

This is a  "Subject-to" transaction, hopefully using two notes.A seller is willing to take I/O for 20 years is probably 1 in a thousand and they will be taxed just as Greg is, make that 1 in 10,000.I'd bet Greg doesn't mention the other issues with a Sub-to, foreclosure, Greg can only foreclose on his interest, that could be paid off, the note to the first seller is pretty worthless, that can end up going to the state in a medical issue, then there are risks of bankruptcy, law suits by other parties, collections and servicing, deed transfers, insurance, liens and the list goes on, which is why you should not do long term subject-to deals.