The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd house hack, you can use conventional and the rules that I mentioned above will not be a concern.

Great talking to you and good luck with the school sale@Pyrrha Rivers - yes definitely looking forward to a joint meetup in September!

Should we do a joint bank account with the funds?

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd househack, you can use conventional and the rules that I mentioned above will not be a concern.

On your personal joint return you have 2 x $20k = $40k loss.Bad news:You may not be able to apply your $40k loss to your income in the current year.

You know as well that joint venture and share option to purchase allowed to get fund and build, rent, and generate a cash flow.From the point of multifamily/condo hotel in a small version people became more attract.

Profit was not great but it was a good start to a new joint venture.

Profit was not great but it was a good start to a new joint venture.

You're probably eligible to sell and pay no capital gains on up to $250k profit if you file single, $500l if married filing jointly.

How would that work if the property is being owned by two unmarried joint tenants with rights of survivorship, with only one person on the original loan?