That is where a couple may want to reconsider getting married if they are both at 100k... 

Tell her that she married a fixer upper husband; so, she has the proven courage to do the same with a house...

I’m not married to it, just trying to work on my thought process.

Is the Seller's daughter married?

If you cannot demonstrate material participation (or you are not a RE Professional), then you are limited to an annual $25k loss which is phased out at $100k MAGI if single, $150k if married filing joint.

I was always taught if it floats, flies or (another F word) your better off renting it.I disagreed with the last one as I am happily married but have to agree with the first two. 

I applied at my credit union, but was flat out denied, reasoning is that even though I am not on the lease, bc we are married, should my husband default then I am responsible for that rent.On another note:On my GFE I saw "Prepaid Finance Charge" or "Prepaid Items/Reserves" - but the broker said these are not paid until closing.Why label them as "Prepaid"?

I'm not married, I don't have roommates or anyone to split rent with, or utilities etc.

I moved from Vancouver to northern New Jersey three years ago after marrying my beautiful Jersey girl (whom I met in a swimming pool in Las Vegas).I got my real estate license in Canada ten years ago because I wanted to get into flipping.

I've had three years of experience in Real Estate Sales on both the high end residential and commercial side leading into 2008 when I got married and began working in the beer business.Anyway, I wanted to ask the experts here what the advantages are of starting my REI career with a smaller multi vs a large multi?