A reply form the "Big Cheese" himself and on a Sunday no less...

My family has about 20+ acres of rural agricultural land (15 miles away from the city) On the land there is the main house and two detached single family home (2 bed, 1 bath) cottages (both being occupied by family not paying rent).

Larger kitchens and bathrooms than older saltbox or cottage homes.

I also built a 832 sq. ft. cottage with 2 bd/ 1 bath in Memphis.

Our family is 3/4 vegan with the only animal products we consume being leather and cheese, however, we are phasing both out.My position as the president of a tool company and a precision agriculture company consumes most of the time.

The house was being sold as a SFR however it had a guest cottage on the back of the property.

If the management company offers you the same knee jerk price that has been around for 50 years - keep looking - you will probably overpay. 4) Do they use a custom attorney approved lease agreement - or the Texas Association of Realtor lease agreement that has more holes in it than Swiss cheese?

For example, a single lot with three "cottages" where one of them have two units, the others are all single unit cottages, for a total of four units.Versus a single building four plex?

Call it an apartment, a mother-in-law suite, a guest house, a bungalow, a cottage, a vacation rental, or any other name you want but it won't matter.

Before I dive into this deeper, I wanted to get a honest opinion from fellow investors.A beautiful piece of land (1acre) just popped up on the market for below market value in the cottage country in Northern Ontario.