That is "true"....Here is the bottom line, and I am going to skip over the entire foreclosure process unless someone specifically asks. 

My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

For CO specifically, are these year-round (Denver metro and Colorado Springs) or resort/seasonal for skiing (understanding Colorado mountain summers are still glorious).

We have fair landlord-tenant laws, similar to Texas, but still the specific process is different.

For a long term investor:Would it make sense if you could buy the home at a steep discount and then let the owner stay rent free for a specific period of time?

Consider defining clear roles, ownership percentages, and responsibilities upfront, and ensure you’re protected if the partnership doesn’t work out.Since you already own properties, it might be worth consulting a CPA who specializes in real estate for advice on tax strategies specific to your situation.

More specifically, you can refi out of your name and into a LLC only your wife owns. 

In our case, we are focused on Northern Virginia (specifically Alexandria, VA).

Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?

There are also Graduate Degrees specific to Real Estate (Johns Hopkins offers and M.S. in Real Estate and Infrastructure).