Just checking if anyone has ever looked at leasing a forest service cabin. There are around 12,000-14,000 cabins on USFS land nationally. The cabins are privately owned, but on land leased by the Forest Service (sort of like a trailer park). You buy the cabin on the private market. There are leases for 20 years that may or may not be renewed. A couple years ago the forest service raised lease rates and the owners organized and got the federal government to reverse course. You can't live there year round, but what that means is up for discussion/creative interpretation. You need a domicile somewhere else, but that could be a trailer or something like that. The leases are capped at $5600/year, and it's indexed to inflation. The leases range from $850/year to $5600/year based on the value of the land.
Pros: really unique locations. Much cheaper (for example, in areas like Tahoe/Mt Hood you might see a cabin for $150K that would sell for 750K-1M, if it were on the private market; alternately, you can buy something that straight up doesn't exist on the private market--crappy, rustic cabin with 100s of acres of land to itself, often within an hour or two of a major metro area). With the Feds as your landlord, you get notice and some due process if they aren't going to renew the lease.
Cons: Federal government for landlord--any renovations probably require approval. The monthly lease fees don't don't "build equity." Lots of creative things (sublease, airbnb, live there for 9 months of the year) either violate the spirit of the lease or require special permission from the district ranger. Virtually no private loans available to facilitate the purchase, although seller-financing is reputed to be common.
I think the fact that it's such a weird deal and there is so much perceived insecurity mean that you could get a smoking deal. But the smoking deal is only a smoking deal if the Forest Service doesn't change tack in the future. I think there is a lot of institutional inertia out there. The federal government is not profit-motivated, which makes it an interesting counterparty in a deal.
Anyone with personal experience to share? FS administrators lurking here?