This helps to qualify the loan as a loan for business purposes, not a consumer loan (consumer financing is much more regulated and restrictive pertaining to rate/fees/terms. 

Written by attorney investors, it's full of practical advice pertaining to management of investment property, has sample forms that can be edited, and - most importantly - they tell you what your primary state laws are and where you can read them.

Texas has a bunch of wonky rules pertaining to cash out refis.

It was mostly, however, information pertaining to the average income, who the citizens of the town were, their behavior.. etc.  

Of course, there are more 'intricate' details pertaining to this but this is the jist of it. 

I think that you are missing numbers pertaining to vacancy rates in your area, capital repair costs and current repairs needed to bring the property to market.  

I think of apartment complexes more as investments rather than "real estate" as it pertains to a single family home.  

Both make money, but are definitely different in the way in which they're done so you need to assess your and your wife's ability to do whatever you choose.Here is a link to another thread recently about the Ramsey/Kiyosaki paths to investing that doesn't necessarily pertain directly to your question but it gives some good insight into the business model you might choose.Ramsey-vs-kiyosaki---to-borrow-or-not-to-borrow

As of right now, EVERYTHING that pertains to the property is in my personal name and is attached to my SSN.

I would question if it pertains to a property they don't own... why would they be protected from the eviction, process in an apartment.. they don't own the apartment.