The benefit of putting a property in your wife's name is for accessing financing later.  

Or would you ask to lower the purchase price and replace the roof yourself later?

I asking to this under the hypothetical situation of the tenant signing the agreement and then reneging a week or month later when the seller is halfway through the closing process with a new buyer.

Set the ground rules up front so that you are all on the same page and there aren’t any grey areas later.

I personally wouldn't renegotiate the terms 10 years later but I wish you luck.

It does no good to place capital with a sponsor who has an attractive deal to find out later they can't be trusted. 

@Dan Sundberg yes, that’s the plan later on.

I'd like to start my real estate journey sooner rather than later, and in a place where I can be hopeful to land a home in, but should I also consider I may need a few more years of saving? 

The benefit now may seem nice of getting that money, what could you do in the next 6 months to year that will increase your income for a life time and have higher returns, and the ability to grow massively instead of singlehandedly focused on something that would lose you money now and later down the road. 

I told my buddy, who is in another country, about this and he immediately became interested, he has money laying around that he would like to invest. i haven been looking for information on how to buy real state (to  later rent) in a partnership or LLC with a foreigner.