Simply get a Power of Attorney from the seller to be able to access bank accounts regarding that particular property only.

Having both will grant you with more confidence and greater access to necessary information (not to mention saving time, as you will not have to wait for someone else to allow you to view a property or provide comparables as your wife can now carry out such tasks).

A tub with access to the drain pipe can be replaced in a few hours if everything goes right.

I have access to county tax records online here in GA.  

However, you generally can't do a double close, because of restrictions on how long you have to hold the property.

I am a naive want-to-be investor (right now) looking to get myself to a good level of knowledge to pursue the field.And although the I live in the UK (where I'll invest) I've been listening to the BP podcasts in order to learn how to invest and how to think as an investor: which are not things restricted to an American information source!

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

Restrictions for conventional financing are based on the number of mortgaged Properties, not the number of mortgages.

The lower units are usually accessible but for the upper units you may have to open up walls; hopefully just drywall and not plaster!

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