I have been focused on growing my medical practice for the past 3 years since moving to Texas and I recently became sole owner of my (debt-free) practice.I'm now planning to invest the profits from my medical practice into income-generating real estate around the central Texas area.  

The most practical way is for you two to hold in a title holding trust with a 3rd party trustee, naming you or your own family trusts as as beneficiaries in their respective % beneficial interests along with an Operating Agreement. 

So, to me, there is no practical difference anymore.You can have relationships with multiple banks and credit unions.  

Our son was a teen, and he and his friends used to practice freestyle motocross riding on our property.

Our 2 biggest marketing channels are website using Seo and pay per click, and direct mail.

At the end of the day, you are taking a risk and you have to make the best decisions you can with the information you have available along with your intuition and of course at all times must obey all fair housing, anti discriminatory laws or practices.

It is common practice for them to pay the 11.5% for Walton and Okaloosa counties and 12.5% for Bay County, and the renters pay the cleaning fees. 

In practically all these cases, the first thing I did was serve them with a 30-day notice to quit to terminate the old tenancy.

If you are saying that it is $150K up front, and two more payments of $150K than that is called a net commission deal in that he is getting the overage of what you wanted on a net basis and what the bank has agreed to pay and is outside normal practice but not unknown. 

Depending on what kind of architecture practice you want to have, it could help your expertise as well as your own finances.