., while the rent of the entire place is $2,400, they're only responsible for their $800 portion and only eligible for reimbursement on their $800.

Hi Maureen,Savannah is on the lower right portion of GA and more of a port town area.

We are trying to make sure we can take advantage of her income and credit while still being able to use the sale proceeds as a portion of the downpayment.Thanks so much everyone.David

Ask seller to pay a portion of the tax from Seller proceeds

He's going to rent the bottom on Airbnb and cover a good portion of his mortgage.)

They will do excellent on the tenant placement portion.

If you all own it as tenants in common then you can absolutely do a 1031 on your portion only. 

The common line of "thinking" is "ok this bet can go up by 2x, but is kinda risky, hmmmmmm well I'll just invest a portion of my portfolio, or money I can afford to lose." 

Here are some of my questions regarding the process:1) Does the JV wholesale contract need to go to the title company in order to ensure that my portion of the wholesale fee is guaranteed to be properly handled? 

The advantage of this approach are:As an owner occupant, you would be eligible for a high-ratio, insured mortgage (95% LTV for a SFH or duplex); you would have "roomer"s living in your own house, so it is easier to evict a poor tenant {from time-to-time one is bound to get by your screening}; since you live in the house, it is pretty easy to be the coxswain and keep things tidly and the crew in-line; if you were in New Brunswick you would also benefit from the owner-occupant exemption from the provincial portion of the  property tax (about a 40% saving).The obvious disadvantage is that you will be sharing your living space with your tenants  {find a home with an en-suite and you'll have a private bath}.You still need to do your homework.