Now on the surface it seems like a pretty decent idea; however i have a few questions for them (which i've asked) but  I wanted to know from this groups perspectives the pros/cons that you all may have experienced in similar situations.

I know there are potential pitfalls and lots to figure out about this plan, but I'm specifically curious about how this type of arrangement would affect the owner-occupied mortgage situation.

Is there any risk other than my fiance being upset in thinking i'm taking advantage of a situation of her friend.  

I’d like to know more details about your situation and I’m able to speak the military side of things as well the VA.

I am educating myself on the mechanics of it and I know I will make mistakes, but I feel vacant land investing is an untapped market; and, I do not want to deal with the stress and headaches of landlording or property management.

I have three main questions..1) I've read on BP that starting an LLC is only really a good choice if you are in a partnership situation, which we are, though my question is whether or not there may be better options for partnerships, other than starting an LLC.. 2) What is the best way to go about obtaining a mortgage in a partnership situation.

HOWEVER, at this point in time and in this market, most sellers won't accept ANY low-ball offers unless they are simply nuts, uneducated, or in a really distressed situation.

now there's a whole foods a block way. it has covered parking in an area very crowded even for street parking.so for me key things to look for are Location, HOA, and HOA fees, and parking situation.

I won’t always be healthy enough to earn my way out of a situation.

My annual income is only $57,200K (Pre tax) so I'm only able to buy one property a year, at the very best of situations so my money sits in my savings account for fairly long times.Thanks for any input and advice ahead of time.