I am a licensed, bonded, insured Electrical Contractor that moved to the Omaha area after the housing melt down. 20 years experience with about half of it in residential.

Best case scenario for this property is that you live in one half, rent out the other, and essentially live for free, which should free up whatever you are paying now in rent or mortgage (unless you're living at home) for savings & investment.

She owes ~$350K on a 6%, long-term note (her payment is $2500/month; she's about half-way through the payback period).

I did most of the legwork, as expected in a mentoring arrangement, he put up half the cash, and he's more established credit history.  

Don't get into sorting out who pays what "half" or any of that nonsense.

Surely half the square footage doesn't equal half the price??

Scale back, stay within your means and you will be fine.Personally I would sell the New Hampshire property in a heart beat since the rent on it is only half what a home of that value should be to insure positive cash flow.

One of my wholesaler friends approached me last week to go half with him on Ernest money for a house that is in one of the most sought after areas in Atlanta.

Half of my investors now are people I knew it college. one of my friends is now an internationally known DJ and I plan on approaching him one day with deals.- focus on school.

I know these types of exams always try to trick you so half the battle is recognizing those trick questions and answers.