You can't, easily anyway, say that just because its a 50/50 ownership that only half the monthly payment applies to you or that since the "other owner" took out the loan that they are responsible for it. 

It seems I either have to wait half a year for “seasoning” (that Fannie Mae thing) so that I can apply for financing and get a mortgage on the property, or I take a financial hit with deferred financing, leaving 25% of my capital as equity and recouping only 75% - this seems to especially suck since I wouldn’t be able to take advantage of a hypothetical higher-than-purchase-price ARV.Another strategy I saw, by one of the Kwak brothers, was to buy a “nicer” home, then use the equity from that in the form of a HELOC, in conjunction with savings, to buy several rentals.

Family includes only your spouse, brothers and sisters, half brothers and half sisters, ancestors (parents, grandparents, etc.), and lineal descendants (children, grandchildren, etc.).Anyone under an arrangement that lets you use some other dwelling unit.Anyone at less than a fair rental price.

We are about 36 miles down lake from Coeur d'Alene.

My rental house was not directly affected by the fire and is about 1.5 miles away from the burn areas.

I sent you a private message with some more detail on W-2, but my current primary residence is ~90 miles from my office.

This location is about an hour and a half from my primary residence.

Because the market is so hot, they're producing about a half-percent monthly.

I worked with someone whose two units shared a backyard and he did the kindergarten solution: drew a line down the middle and each unit had half!

You can take half of that and pay off the interest on the loan.