In their mind you learn the rest when they take over the deal from you, and you learn as a minority partner.One thing that I've also noticed is that both of these types of tend to go out of business quickly, either because they get thrown in jail for fraud or they don't survive a recession simply because they aren't adding value.  

@Theresa Harris I had not thought of that ... the issue is that we would have to take our a loan for the purchase.

Thank you @Theresa Harris for the info.

Originally posted by @Terry Harris:@Brian EllwoodWow great insight!

So @Dave Foster, when one croaks and the properties are inherited by the surviving (or murderous?) 

Husband and Wife - Creating a tenancy by entirety, which means upon the death of one party, the legal title automatically passes to the surviving spouse2.)

I was told by a builder that in Harris country lots need to be a minimum of 5,100 sq ft to build on and I would need to ask for a variance or wavier to build a home there due to lot size.

If they ban your rental from being an STR, will it survive as an LTR?

Thankfully, he survived but spent a couple of months in a hospital and I was handicapped and could not even walk. 

Hey Harry, I don't know what the rest of your credit looks like, but there may be way to move some of your existing expenses into your business to clear up some of the debt in your personal name.