in 3 years you can pay off any mortgage 500,000 or less for $1,500 bucks.. or in 5 years a $477,000 mortgage for $100..I am implementing something new for the real estate industry, primarily to mortgage holders & the rent to own industry, as a shorter-term approach to be mortgage free, without cost being an obstacle ..

https://treas-secure.state.mi....some things to keep in mind:-Non owner occupied properties pay 18 mils more in taxes in Michigan - Even with the SEV you should plan that the SEV will go up.

- If i Sell , as this was my 1st house and lived in 4 years, do i need to pay capital gain tax ?             

I don't really want to go looking for the financing to pay him his balloon payment.

See if you will have to pay for recapture.  

I like the fact that one and a half units pays all bills.

If your willing to do so, you can live in the casita and then rent out the main home and have your tenant pay the majority/all of the mortgage (depending on what type of deal you find obviously). 

Buyers don't look for financing and its foreign so they don't jump on a forsale listing on zillow.I've had the best (only) luck with zillow rental adds,   starting with the pitch;  rent to own, live in a great home while you pay off owning it. 

I would stay away from section 8, pull credit and background, and call referrals, and look at pay stubs for everyone who applies.

Or, if you pay 20k over list price on a property that is 50k underpriced, you still got a hell of a deal.