Depending on where you live, even signing a purchase contract to then wholesale the property could obligate your spouse to the contract, and also give him rights to 1/2 of the gain from the wholesale activity.Although you indicated you are not seeking legal advice, my advice would be to get some before you embark on this activity. 

AS @Russell Brazil  says there will for sure be another recession that's a given.but who can time it.. and will it be regional.. there is always mini recessions and hot markets.just look at when a factory folds in some smaller burg.. or like right now look at South Carolina which is ON FIRE for jobs.Boeing 787New Volvo factory not yet manned but thousands of jobs and support coming in the next yearMercedes building a new factory same thing.building a new embarkation debarkation for cruise ships in Charleston  14 hotels under construction in Charleston.. then look at another market where not much is happening and won't be happening.but right now real estate is hot and frankly its pretty solid right now.I am not sure on the MF side that kind of goes up and down on over building .. and commercial as well.Like I probably would be a little nervous in the Mall space or some commercial with brick and motor kind of changing.But with the owner occ resi seems pretty solid.. no sub prime NO liar loans.. 

I am currently scheduling to attend my next meetup and would love and appreciate any suggestions on which events in the Long Beach/South Bay LA/North Orange County areas you guys have attended.Thank you again for your time and I am looking forward to embarking on this journey together!

@Isaiah Oloyede Thanks....Im ready embark on my new journey.

I am eager to learn and am excited that I have embarked on this journey.

Hi everyone,My wife and I are embarking on this real estate investment plan.

Hi everyone,My wife and I are embarking on this real estate investment plan.

Being a real estate investor is similar to being a Realtor in many ways; however, there are a few differences you'll discover as you embark on this journey. 

Friend, you have just embarked on the whimsical adventure of missing the point.While milenials and their ideas have an important place in society, what I took away from Steve's comments to you was that the way in which you conveyed your thoughts seemed superior and egotistical....which doesn't fair well within this BP community, which is comprised of intelligent, creative, resourced, and experienced investors sharing ideas. 

I wish you the best as you embark on your REI venture....Gary