What I expect to happen.
Entering back into a world as a second player on split screen, I expected to pick up where I had left off with all my items in my inventory, all my armor, and all my XP.

What actually happened,
Instead, I was set back at spawn with no inventory, armor or XP. This occurs even tho I have st my spawn with a bed in this world and the bed was never destroyed.

How to duplicate.
Enter someone elses world as a second player on split screen using your own account. Travel a couple hundred blocks in any direction, build up son XP, have some armor on and some items in your inventory. Place down a bed and set your spawn thru the night. Log off of the game. Restart the game and log back on as the second player on that same world on the same account and find that you are back at spawn and have lost everything. A quick fix for this has been for me to put everything in a chest before logging off but is still have no XP and have to travel back to my new home after each time I log back into the game.