It's also better for the occupants' health. 

As long as one person is a real estate professional, you can usually use rental losses offset joint income.

I have a Bookkeeper for my farm expenses/income but I am not sure if she has any RE experience and has not gotten back to me if she will do it or not as she has suffered a health crisis this year and has cut back some. 

The wall will raise the ceiling in the winter and crack it at the top of the wall in the bedroom, but you can't see that crack at the high side of the floor because the separation is on the back side of the wall / ceiling joint.

this is all i needed to see:Business coach Kris Krohn blasted for pulling kids from public school over fat teacher (nypost.com) Ya know, as a holistic health provider and conscientious parent, I'd probably do the same if my child's teacher wasn't a good fit. 

Only one bank account needed, but you'd have to track income & expenses to do transfer and year-end accounting.As @Nathan Gesner mentioned, not really worth it.You two could also open a joint bank account for collecting rent and pay expenses, just be sure to track everything.Do NOT do what @Paul De Luca stated about transferring title!

The “worst” appraisals I’ve seen (on a consistent basis) as to over valuation are on non operational health care facilities.  

If the seller is unwilling to negotiate, walking away could be a wise choice to avoid unforeseen expenses and health risks.

I am remaining diligent with this project because I am rusted around the joints.

Curious if anyone has experience co-buying a home using joint financing and then, like so many do, after a year+, flipping the home into an LLC?