I’ve spent less than $1,000 total on heating (a couple igniters and a thermocoupler).

Even if there's a small chance of getting caught, I'm not going to risk 18 months in the clink plus big fines and having my loan called plus ruining my creditworthiness just for a lower rate personally, but I'm not a gambling man. 

You hopefully won't lose much in that gamble but that is what all tax liens are, a gamble.

Dont want to gamble it and I intend to access it at 10k downs for low end properties.

Gamble you'll need to consider.

Beyond that... yeah, it's a gamble.

What can you say...people like to eat, shop and party when they get a few bucks in their pocket and, contrary to popular belief, there is much more to do in Las Vegas than gamble.  

A partnership is fine at the start, However, You will really need to call the Texas Secretary of State and verify for yourself, Do not gamble on the Info you get on the internet,  Secondly, You need to safe guard your personal assets, Meaning you need to be at least an LLC, just in case things do not work out, If you are an LLC, and you have financial problems at any point, The LLC will protect you. 

Without that you really have no idea what the tenant is like, so its a big gamble. 

How about stock market or Vegas gambling, any language on that?