@Alex Hamilton it is standard practice for MLS listed properties. 

Are CPS's allowed to practice in any state without meeting each states requirements? 

I suggest you stay away from that video implying such absurd practices. :) 

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.

You can have two simultaneous settlements.

Simultaneously, you can use some of that $50k to put a 20% downpayment on a property using a conventional mortgage.

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.