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. 

You're right about Cincinnati's short-term rental rule requiring the operator to live within 50 miles of the property.

If so, yes Dayton rents follow the 1% to 1.3% rule.

I also do 30-year cash out Refis on my rentals once they’re rehabbed and rented so am very familiar with DSCR loans and rules.  

From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.

Asking in the correct forum will get a better response.Read the RULES!

Obviously, the rules will differ from state to state.The most successful buyers have trusted bidders with cashier’s checks in multiple denominations (for cash sales) and the actual buyers have field runners and people to monitor multiple prospective properties at a given time and check sales status for postponements due to BK, etc.This is the case in larger metro markets where many properties could go to sale but few do so.There are often better ways to acquire properties then auctions.

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

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

Bank short sales follow the same kind of rules and process when it comes to getting financing.