Since agency loans don't allow you to put the loan in an LLC, ask your wife this. 

Whatever you do don’t put subject B on the title before A dies.

Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well. 

Landlords can easily do it without a mortgage but they are taking a huge risk.

Some key reasons for privatization include reducing government risk exposure, encouraging private sector competition, and streamlining operations.

With no debt, I have about saved $50,000 that I want to start putting to use, been trying to submerge myself in the real estate world knowing its arguably the safest investment.

@Jeff Pasmore I really like your advice. putting out more money on this property is not one of my option but I might consider. am also considering the other strategic way of selling this  property like rent to own. what can you say about that?

Perhaps a way to put some pressure on the HOA/your neighbor is to find out whether the other unit has a mortgage on it and reach out to their lender with a request for the master insurance policy.

A chance to manage a "portfolio" before putting her own skin in the game.If there is an inkling of what direction in REI she wants to go you can narrow your sights on that...house flipper could start with handyman type jobs to figure out renovation ideas/skills...a wholesaler could start with just any kind of sales/negotiation type job...a buy and hold landlord could be any kind of Jr Property Manager or assistant type job.

The new manufacturing out at Tesla and the new lithium battery factories will continue to put upward pressure on prices and increase competition.