@Emery Green I was referring to the rule often talked about here on BP as Mike and Russel said@Russell Brazil you said you didn't think the 50% rule applied as well to more expensive homes.

Here is how the " rule of 5" would apply on a 45 degree roof with new plywood, architectural shingles, gutters, and tuck-pointing I have to replace.  

Also, any payments the buyer makes should be applied to reimburse any amounts you spent before they are applied to the standard monthly payment.

In this case both state and federal law apply, but the more stringent requirements always prevail.

It doesn't apply in this case. 

Separate from the CA form 568 for Franchise Tax, California has its own equivalent of UBIT that applies to tax-exempt entities and a form 109 is used to report.

Many newer buildings have vinyl siding that melts very easily or can catch fire.Do not apply starter fluid after the fire has been lit.

Land a great job with your college performance and you'll be able to have the best of both worlds in a few years.Sincerely,Chagrined college grad (2.74 GPA) who wishes he'd applied himself better.

Congrats on your first "deal" you'll do good for 12 months if all goes as planned.Problem: Refi at the end of 12 months means you apply for your loan in 10 months, you haven't owned it for a year, nor have you had a lease on it for a year, so that is an issue to refi. 

I've seen that applied to all types of shared utilities and it was successful in my case, but I can see many cases (with picky tenants) where it wouldn't work out so well.