That extra $500 isn't saving you money...it's costing you money you aren't spending now. 

There may be a few extra forms to fill out and documents to provide.

As well as the unit i'll be living in to use FHA loan, but I think I'll airbnb my unit out to bring some extra income.  

I'm not really excited about leaving an electric heater running unattended, nor do I think that curious, uneducated minds would think it was necessary to run one in an unoccupied space, nor would they appreciate the extra heat in summer, or the extra expense added to their electric bill.I'm wondering if anyone has tried any of these, or if they have success doing something else to help cure a damp basement.Thanks in advance.

So case law as it has developed has created a scenario where the QI needs to keep your money under their not your control until there is no longer the opportunity to complete an exchange.The first time this happens is at day 46 if you don't turn in a 45 day list. 

I've been told by my bookkeeper that I should 1099 him as a subcontractor to avoid extra taxes and also because partnerships, "tend to never work out."

Without a lease, there are extra hurdles to evict.

I have interest in Germantown as well, and though I do not have much experience with the immediate area, my investor-minded realtor has recommended staying near Germantown ave on the Mt Airy side of town due to increasing development. 

Should i pull my bid maybe i can get it out of auction and not have to pay extra 5%.

Stabilized,value-add,vacant, new development?