(b) The information referenced in paragraph (a) must not be entered into any shared database or provided to any person or entity but may be used when required as evidence in an eviction proceeding, action for unpaid rent or damages arising out of the tenancy, claims under section 504B.178, with the consent of the tenant, or as otherwise required by law.Subd. 3.Liability for rent; termination of tenancy.

However we are wondering what, if any, tax benefits may arise from putting both of our wives on (or leaving them off) and splitting things in 25% increments?  

Give yourself enough time in between sale and purchase that problems (that will arise) can be solved (it's not the solution that's the problem it's the amount of time).2.

ALWAYS HAVE ENOUGH PROFIT PRICED IN TO YOUR DEALS SO THAT IF UNEXPECTED EXPENSES ARISE YOU WILL STILL BE ABLE TO MAKE A PROFIT.

Investing in an old house opens us up to that many more issues that can arise both immediately and down the road. 

I worked as a Maintenance Tech for Essex Property Trust at The Highlands at Wynhaven apartment complex in Issaquah Washington for 2.5 years to learn how to tackle the problems that arise with rentals on a large scale, but not really knowing what my goals or vision was.

I have the following clauses in my lease:Indemnification of Owner’s Agent: Resident(s) [agree/agrees] to indemnify Owner’s Agent for any liability arising before termination of this Agreement for personal injuries or property damage caused by the negligent, willful, or intentional conduct of Resident(s), [and/or] [his/her/their] guests or invitees.

On the other side we would have more that 2k of additional cash flow and can always go back and refinance our equity if an opportunity arises.

They will make the rent check to you because you're the acting owner, but any problems arising (especially when it comes time to raise rates) will not directly anchor to an image of you high-rolling in Vegas whilst sinisterly rubbing your hands together. 

Someone who can advise you on issues that arise during inspections, title searches, etc.