McDonalds sells a delicious burger at a reasonable price and I am happy.When a pimply faced teen offers to toss a slice of processed cheese on it, the price goes up.My decision becomes obvious.

In other words, if you have a $500,000 home with a cottage or guest house in the back, and the appraiser only gives the guest house minimal ($40,000 maybe???)

There are a few "cottage sites" out there like Houfy that might be able to capture some market share using different strategies. 

All of these things help add to the reasons why investors, and visitors from around the globe come to Orange County and invest their money, or to spend time with their families.From the most luxurious mansions, to simple cottages, multi family dwellings, and office buildings.

Long:I bought an AirBnB property with 2 rentable units:  a 1-bedroom MIL cottage, and a 3-bedroom custom home, in a small, seasonal vacation rental market, i.e., no room for additional competition in the market.A local family had a medical emergency and needed to move out of their own brand-new home due to possible environmental poisoning. 

This might mean no home rule cities or cities with CCNs outside their ETJ.Where I live that could1) Save you about $7000 in impact fees per unit.2) Keep the city from being able to block it.3) Not allow the city to impose development standards on the project.4) Force the city to provide the water and sewer.I have considered doing this for a village of 500 cottages built onsite.As always, Jay is exactly right.  

In fact the whole cottage is going to be renovated to be fun, bright, comfortable and hopefully a bit quirky.

Live in the cottage and reno / rent out the quad.

Trying to nail down a location to buy a fixer with a cottage or apartment over the garage to airbnb.

They may not be pursuing them now but it seems perfect for a cottage industry to come along and buy those rights to recover for pennies on the dollar and then start to go after all these sellers.