The exception is: When the 2 members are married spouses who reside in a community property state. 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Quote from @Hunter Hanlon Taylor: Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

Wouldn't a guest under that policy be a friend or family member you have over to your primary residence? 

Padsplit residents can cause problems with neighbors and other residents because many have substance abuse and/or criminal histories. 

A buddy of mine who invests out in Phoenix once had a client facing a similar timing mismatch on a rehab project.. they ended up working closely with a local credit union who was more open to interim valuations.

Investment Info:Single-family residence wholesale investment.

Quote from @Jacob Dalton: I purchased a single family home good quality location in Chicago’s Northwest Suburbs in Cook County as a personal residence.

I figure if the equity we have cash flows better than similar equity in a single family residence in Utah would, then we should consider this AITD as a serious option.