While you will have to pull your weight, the amount of work you'll be expected to do will be much less than if you owned the property all on your own.As you decide what you want to do, the biggest plus is the flexibility you have, as pointed out in a previous post.

@Josh Darley instinct and gut feeling are worth their weight in gold. 

My weighted average interest rate on my loans was around 6.5% (I’ve recently refinanced down to 4%). 2.

The servicers are worth their weight in gold. 

As a hedge you can collect additional security and more heavily weight their income. 

We typically need 3,500 - 4,000 sqft of open space (no need for a roof as long as we stay in SoCal) in the backyard to take photographs, store, and service our machineries (small, compact 5,000 to 12,000 lbs weight excavators).

Maybe its gaining some winter weight?

Explain your specific situation to the landlord though, they will probably just more heavily weight your wife's application and just take into account your verifiable income. 

Do you have weight limits?

A few good GC relationships are worth their weight in gold.Low barrier to entry, high risk, more returns if successful.