Where I am, people often create a suite in the basement-so it has a separate entrance, their own kitchen and living area, etc. 

Built a nice chunk of equity and also lived for free/cash flowed after I left. 

Hello,My partner is planning on selling her condo, however, I am in the midst of purchasing my first property and we plan on living together.

Normally in a spot like this, we would recommend to a client that you sell your primary residence and claim your capital gains exemption under Section 121, but you have two strikes against you: (1) you have not lived in this property long enough to qualify for that, and (2) I'm hoping you already claimed an exemption on the sale of your other primary residence a few months ago, and you can't claim Section 121 exemptions within 2 years of each other. 

I live in NJ and primarily invest out of state.

You don't say what you mean by 'use up' is that to live on, to distribute and invest, or some other interpretation? 

We are looking to expand our portfolio and would love to connect with other investors, wholesalers, banks, etc in the area but we live in California.

I love the live in flip.

I have about 15k liquid cash and live in MA.

I live in SoCal so looking to connect with others who live in this area and I can possibly work with.