Do I need to subdivide before I can rent to own?
My wife and I currently have parcel with two single family houses that we are house hacking.
We are renting out the 3 bed 1bath and living in the 2 bed 2 bath. The tenants have been there much longer than we've lived here and they treat the place like it's their own with seasonal decor, lawn care, and family get togethers.
I wanted to structure a rent to own scenario for them but am wondering do I need to subdivide the parcel into 2 separate parcels before I can do that?
I've always had that as an idea for a potential exit strategy and would like to see what's possible.
Any input/ advice appreciated!! Thanks