However, since you're aware of the debt, and even if you weren't, if you didn't pay fair market value for the property, a creditor might claim the conveyance was intended to be a fraud on them, hiding an asset that could be used to satisfy the debt. 

But if I sold it all together, house with contents and contents not separately valued, I'm guessing none of it would be taxable (within reason of course/assuming absence of fraud).A similar scenario that might occur is when a house burns down.

But if I sold it all together, house with contents and contents not separately valued, I'm guessing none of it would be taxable (within reason of course/assuming absence of fraud).A similar scenario that might occur is when a house burns down.

Both sides are not identical.

Mike Simmons came up with these requirements after 10-12 years of having partnerships that did not work and ultimately finding one that really does. 4 Requirements when Partnering: Identical Risk Tolerance.If the person you are partnering with doesn't match your risk levels, and what is scary to one of you is the starting point for the other, you are going to have conflict.

Not all lenders assume you are attempting to commit mortgage fraud.

I even have a duplex with two identical systems where one quit about 2 years ago and the other works fine (heat pump). 

Again I’m very new to all of this, but for the most part, it seems as if many investors are trying to hide identity, or maybe it’s their way of protecting themselves. 

If they are on the paperwork simply to satisfy the owner occupant requirement, but they are not an owner, that could be seen as fraud too.

This has value too and can be used for identity theft.