Is their email to me stating that they will be leaving May 1st able to be upheld legally?

I looked up the definition of intrinsic value and found this and wondering if there are any specific differences in the real estate category as you are using it: "In finance, the intrinsic value of an asset or security is its value as calculated with regard to an inherent, objective measure.A distinction, is re the asset's price, which is determined relative to other similar assets."

Not sure how to navigate buying one specifically to live in. 

@Kashta Andrade Booker I recommend moving forward that the specific city or area you plan to invest in out-of-state.

These could include any legal, licensing, office, and even medical expenses.

First, consult with a lawyer about your specific situation, and all parties involved.

Its a Colorado-specific situation, I guess I should have been more specific:Portable tenant screening reports (PTSR) pursuant to HB23-1099 § 38-12-902(2.5).(2.5) "PORTABLE TENANT SCREENING REPORT" OR "SCREENINGREPORT" MEANS A CONSUMER REPORT PREPARED AT THE REQUEST ANDEXPENSE OF A PROSPECTIVE TENANT BY A CONSUMER REPORTING AGENCY,WHICH REPORT INCLUDES THE FOLLOWING INFORMATION ABOUT APROSPECTIVE TENANT AND THE DATE THROUGH WHICH THE INFORMATIONCONTAINED IN THE REPORT IS CURRENT:(a) NAME;(b) CONTACT INFORMATION;(c) VERIFICATION OF EMPLOYMENT AND INCOME;(d) LAST-KNOWN ADDRESS;(e) FOR EACH JURISDICTION INDICATED IN THE CONSUMER REPORT.....Link to the full Bill

We are interested in a specific property where we would live part-time and sublease it part time especially during track season.

I'm looking at the proper treatment of the de minimis safe harbor election 1.263(a)-(f), specifically paragraph 6 which details the anti-abuse rule.

@Kevin Breneman  for the IRS there is "imputed interest" so legally you can't charge zero.