This seems crazy as the risk is different, the rules of what you can do with the cabin is different, and most importantly the price difference between cabins on land they own versus forest leased land is extreme.

Use for investment for 1 year and then live in it for 4.In theory the FTB for CA follows the same gain recognition rules as the fed. 

When I appraised notes for the State of Missouri, the very first question I had was "Is this obligation enforceable, was it in compliance with rules, regulations and laws at the time it was originated?

@Dennis Gallagheri don't really use any rules anymore, i just evaluate the actual expenses on actual properties. 

A common rule of thumb is around $30 to $60 per square foot for light to moderate renovations.

We explain the rules and emphasize cleanliness. 

Understand the 50% rule.  

@Celine RechyyThe primary rule of thumb is you can never start early enough in real estate.

Basically questions that the PM/co-host need to be able to answer without having to do any deep-dive analysis.Property-specific questions such as property improvement advice, revenue potential, etc. that involve deep-dive analysis might justifiably incur an up-front cost depending on the PM/co-hosts business model.

In that case you need to review the house rules and check with management.