Because it's required by law

This may require a co-signer, such as yourself.

REPS is for someone who meets specific requirements- at least 750 hours in real estate and more time on real estate than anything else; so having a fulltime job disqualifies someone. 

Yes, I require renters insurance.

But after working with the family, we purchased it for $42,000 and got to work.We had some unique challenges, like dealing with one of the heirs who wasn’t very cooperative and required a payoff to sign the paperwork we needed for clear title.

Lease 1 included tenant Person A who paid the deposit and moved in.After 3 years, tenant Person B was found to be in possession of the unit.Lease 2 was written to include tenant Person A (who moved out) and tenant Per...

Live in one side for a year to meet your residence requirement for the loan.3.

Avoid common mistakes like underestimating expenses or overleveraging, and vet property managers carefully by checking reviews, references, and their management style.Good luck!

And this might indeed require some time to pass before doing that.You could still create a single member LLC with either you or your wife as member. 

Consult a tax pro to avoid IRS issues!