If you ever do seller financing as a commercial loan, use a joint bank account for payments, you deposit, lender withdraws, both can check on the account status and keep you deposit slips or bank statements.

It's only tax free if your profit is $250k or less (single) or $500k (married filing jointly).

I wanted to work out an example using 'subordination',  putting the house up for collateral to get a second 450K mortgage in order to give the seller his 250K DP and have the 150K for hypothetical repairs plus pick up 50K pocket money.Thanks for the JV (joint venture ?)   

If you want to buy jointly, work on getting her score up.

We've done all kinds of deals: wholesaling, rent to own, seller financing, no money down, partnerships and joint ventures, etc.

Now I'm not saying we are going to borrow from our unsecured line of credit for our down payment, but it was nice to find out the option is there, so my husband and I got a joint line of credit that we can utilize if a great deal comes along before we have saved up the down payment ourselves.  

This makes them jointly and severably liable for the performance of all terms of the lease.  

Joint venture with another SFBA investor or two and get something local there, such as the Oakland/Hayward area.

A 3rd party knowing that person's name, dob, ssn, where they live (not just what they say, but also their address according to tax returns, photo ID, paystubs, bank statements, etc), what their contact info is, who their spouse is if married, what other associates they might have as revealed  by joint bank accounts, what AKA names appear on their credit report, what OTHER addresses might show up on said credit report (often family members), car loan numbers that can be used to identify model/make/license plate of car to look out for, and so on.

I don't know why that is absent, but I'd guess it might have to do with "married filing jointly" negating many of the advantages.