‘Swapping homes like stocks’: Wall Street-backed firm buys 264 valley homes in a day

And here I am like a sucker, moving in with my parents, so I can actually save some money and maybe, maybe buy one house of my own some day.

We need to establish an owner-occupancy exemption to property taxes. Owner-occupants of 1-4 unit structures owe 50% of assessed property taxes, and are credited for the other 50%. Non-occupant owners pay the full tax rate.

Non-occupant landlords can avoid the taxes by issuing a land contract or private mortgage instead of a rental agreement. The "tenant" becomes the deed holder, and gains equity in the property.