It also states, "Unlike the ownership requirement, each spouse must meet the residence requirement individually for a married couple filing jointly to get the full exclusion."

I would do your first few deals as Joint Ventures.

That’s the kind of investor we among others, joint venture with. 

Its like renting it to your husband if you file taxes jointly. 

I would prefer to manage everything through the LLC's account for bookkeeping and tax purposes.Proposed Solution:Open a new joint personal account specifically for making mortgage payments.Transfer the monthly mortgage payment amount from the LLC's business checking account to the joint personal account.Document these transfers as "Owner's Draw" or "Owner's Distribution" in our accounting records.Use the joint personal account to make the mortgage payments.Questions:For the CPAs and accountants out there:What are the tax implications of this approach?

But, there are other ways like teaming up with someone and joint ventures where your credit isn’t even used.

If you add in a provision that the tenants are "jointly and severally liable," you can go after either of the tenants for the FULL amount owed.

We purchased in 2017 as a joint venture vacation home (for all of us to utilize). 

The "2 of the last 5 year rule" in U.S. real estate allows homeowners to exclude up to $250,000 ($500,000 for married couples filing jointly) of capital gains from their income when selling their primary residence, provided they meet two criteria: they must have owned the home for at least two years and lived in it as their primary residence for at least two years within the five-year period ending on the sale date.

In my experience, partials work better with performing notes, and joint ventures work better with NPLs.