If I bought two homes this year in January from same man but we did it "Seller financing" not through a mortgage company, do I own or rent when the question is asked?

If you bought the two homes, then you are the owner, regardless of whether or not your purchase was financed with a mortgage. Your name will be on the deeds, not the seller's.

It depends.  You should be the owner of the home in a purchase situation even though it is seller financed.  Check with your seller to see if they had their lawyer create a mortgage or simply a contract where the deed changes to your name later.

Also, once you know how it is set up, you can use the amortization schedule that shows the interest - principal breakdown. 

The interest paid to the seller should be reported to them by you using Form 1099-INT.  You are the payer and your seller is the recipient.

• Form 1096
• Form 1099-INT and Instructions