Hi doogs

Im doing the exact same thing as you but am doing it with another couple.  We have just had an offer accepted and they will put their names down as the ones buying it for the 1st one.  I will go in and do the work and we split the profit in half. 

For the next one we use the money we made as a deposit and the profit we make from the 2nd property will go into a company and i will get a wage from it, so it will look like im self employed and getting a wage so when we want to buy our own investments then we can put that and my wifes salary down.

Hope this helps