Otherwise, you will be back on this site in 3 months asking what the best way to liquidate a joint asset is when one party has defaulted on their payments. 

Banks don’t typically loan money to acquire land, so there’s a lot of seller financing deals, and a lot of things like joint venture partnerships, land contracts, lease options, etc.

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.

We sent out a questionnaire with 4 choices ( all priced about the same) that was turkey, ham , sausages from a local barbecue joint that was really popular.  

Accelerated depreciation also works very well if you are married and one of you has a high W2 while the other is a RE professional, assuming you file jointly. 

The only way to do it ethically ( and perhaps, legally) is to partner up with investor #2 and have some kind of Joint Venture paperwork drawn up.  

Pitch them the idea of joint venturing on a few deals so you can learn the process. 

I don't know how to mix up joint compound or glue bristles into a paintbrush.

Even if your bank accounts and brokerage accounts have a beneficiary and your real estate is in a trust or has a transfer on death deed and your vehicles are titled jointly with someone else, you need a will. 

The standard advice these days is to use silicone everywhere there's a corner or a joint, a change in plane.Of course, under the tile of a modern tile-on-cement-board surround your builder should have at least hit the corners with non-woven fabric and waterproofing compounds like RedGard or HydroBarrier, but that's still hit and miss.