I think the brokerage account is fine to spend, as well. 

Then figure out what your likely payment will be on the mortgage, add that to any other monthly debt that would show up on your credit report and so long as that debt amount doesn't exceed 50% of your gross income, you should be fine. 

This is just another example of what can happen when the Government gets involved with (IMHO) sensible and responsible practices of landlords and the Gubment looks for reasons to restrict and fine them.  

As long as the one who signed is the one on the lease you should be fine. 

We were fine paying a little more as we wanted the area for ourselves.Then within a matter of 6 months of purchasing, we found out we had our little oops baby on the way and my hubby landed his dream job about 2 hours away.

I have a $1M policy on my vacation rental and sleep just fine at night.

Everything seemed fine.

Relying on your tax professional's advice should relieve you of any fine because you were not trying to do anything nefarious.On the negative sideYour activity in subdividing the property makes the acquisition look more like developing and if your intent was to turn that replacement property into lots and sell the lots individually then that would not only disqualify the current sale but there could be potential (depending on how everything was structured and documented) ramifications on last years exchange also..

Most US drive-to markets should fare just fine.

PM now is telling me:1) I need to hire an attorney2) I shouldn't contact the tenant's attorney because that would "muddy the water"I am fine if the tenant just pays rent and I can live with the low/under market rent for another year.