@Andrew Easton Short and simple Andrew.

If you're marking up the property substantially a double close using short term transactional financing might be more private.

This poperty in south Jersey looks to be listed as a bank approved short sale at $135k.

Howdy - We just purchased our first short-term rental that is in mine and my wife's names.

My goals aren't fully defined yet (working on that soon) but in the short term I hope to bring in enough passive income in the next 3-4 years that we can supplement my wife's salary giving her more freedom and flexibility as we look to start a family. 

The short answer is yes, all your deductible expenses borne from depreciation can be carried forward indefinitely until you either sell the property or until you start earning net income on the property. 

One consider, since he isn't on title, would be to consider his portion of the investment as a short-term capital loan to be paid back with interest.

I will be hosting weekly Bigger Pockets events in English and German in Cuxhaven, Bremerhaven, Bremen, Hamburg and especially online, to reach a broader audience, shortly. 

So I need to recycle my funds in order to acquire more properties in a short amount of time.

From my short time (2 months) diving into RE investing and BP I personally wouldn't hire an agency or a "guru".