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?

i mean, as far as I know, the Millennials (I'm one too, '82) don't get together at a weekly meeting and jointly make decisions about what they're going to do, but you're totally right about the overall size and the interplay with the underbuilding. 

They would be on a joint lease together.

Much easier to when you start with people who understand the question.One way a friend does this (not USA based) is to set up joint ventures.