Firstly you will have to decide the percentage ownership between the two properties. Your accountant should be able to help work out who would benefit the most ie who would receive the bigger tax benefit. How ever once this is decided you can keep switching ownership percentages around. If you do it will incur stampduty fees which wouldnt make it worth the trouble.
I think it is worth paying. It teaches you about financial statements as this is a very important skill to building your wealth. You first have to understand where your financial position is before you can move forward. You may want to check on e-bay you may pick it up much cheaper.
