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.

Has anyone try this program?

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

What's your plan for getting started?

If a tenant is breaking clauses in your lease at minimum I would have stated that in the letter, given ___ days to make the correction, or plan to move out of my property at ___ date.

Whether it's through sustainable practices, adaptive reuse, or innovative space planning, the possibilities are endless. 

By doing this we qualified for a larger mortgage because we could use the rent from the other tenant to qualify and there are better lending programs when it’s “owner occupied”.  

I'm curious when you were planning commissioner, how long did these land swap deals take to hammer out?

Investor pays $2K program fee and 25% of the note acquisition price (they finance the remaining 75% via a participation agreement - at 12%).

We are not putting up capital, just handling all development/build planning and operations.