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JimFlag for United States of America

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How to join two seperate networks (ideally wirelessly) and share files without sharing internet connection?

Simple question I'm sure, but it's just not an area of networking I'm familiar with.  I'll try to keep this simple/generic:
1.) My apartment neighbor and I are good friends.  We both have LAN's setup with multiple machines/devices.  We want to share files / map drives / share devices/printers between our LAN's and devices like we are on the same Windows network.  Ideally what we are looking for is a solution that allows normal Windows networking/file/printer sharing etc.
2.) We are in two seperate Windows workgroups (Can change if NEEDED, would prefer to keep it this way).  
3.) We are using two seperate IP ranges, I'm 192.168.0.X, he's 192.168.1.X (Can change if NEEDED, would prefer to keep it this way)
4.) We use two seperate internet connections and we are looking to keep them seperate.  He pays for his bandwidth, I pay for mine.  If he connects to the web, it should never use my internet connection, and vice versa.  
5.) We each have our own primary router that is fed by our own respective internet connections.  (Can change if NEEDED, would prefer to keep it this way).

What we would like to do:
A.) Run a single ethernet cord from my primary router to his primary router to connect the two networks together
    1.) What would be required in Windows to make this work like we're all on one big happy network?  So I can browse to \\hispc\cdrive\movies etc etc, or he can connect to \\myPC\HPDeskjetPrinter etc etc.  Assume all PC's are Windows XP.  I'm quite saavy, just need generic info on the setup, not step by step instructions...
    2.) Would anything need to change in the router?  Any other hardware needed? Etc.

And secondly:
B.) Say instead of running an ethernet cable, I want to do all this wirelessly.  What if:
    1.) Both of our primary routers are WIRED.  Could I just add a single Access Point to each of our primary routers?  What would the network configuration / setup of these access points look like?  What kind of hardware would be needed for these access points or supported features? (Hardware suggestions appreciated)
    2.) What if ONE of our primary routers already has wireless, and the other is WIRED?  Could I add a single WAP to the wired router and "bridge" the two networks somehow?  Again, required network settings/suggestions?  
    3.) What if BOTH primary routers have wireless.  Anyway to "Bridge" the two together and have the desired functionality with no added hardware?

If there is a guide on this sort of network setup I'll gladly read it I'm finding a lot of "half answers" out there for what we're looking to do.  Thanks in advance.
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