Hello - I'd like to change ownership structure for a property (my first deal) from Joint Tenancy to Tenancy in Common.

Let her know she gets a vote in everything and you will always run everything by her and that these type of major moves involve trust and a healthy partnership.  

George 5 years ago and moved my wife here for her health.  I

Couple that with the fact that we have a growing university in town (Kansas State) with not enough apartments and a healthy military community, it is an area where CAP rates are low.  

In most older houses all the gas valves won't hold that pressure and most of the joints won't either. 

@Bryant Cheely  when I said the whole house is a common area what I meant was when I rent a three bedrooms to two people who are roommates I don't assign rooms and bathrooms to each of them so I don't care who lives in which room and who cooks in the kitchen or not they are all jointly responsible for any damages anywhere. 

Unless the owner signed something releasing the OP from the original purchase contract for the assignment, the purchase agreement survives the closing, and the OP is still the one who was in contract with the seller, jointly with the assignee/end buyer.

HELOCs can give you flexibility so you don't want to keep them hilted, you want to use cash flow to pay it down at a regular schedule so you have additional emergency reserves or the ability to deploy it elsewhere.So in summary, with little displine, HELOCs can lead folks to make a bad deal happen or end up with more leverage than is healthy or long term debt.  

You have a healthy approach to this and still have a job you can lean on in the short term.

So i'm doing a JV (joint venture) right now with an out of state provider who I trust and respect, and I feel like i'm in good hands.