You are mostly right.
Only problem is that if you are disabled and not able to sign anything but still alive. Your spouse is not able to sell the property without going through court. And your spouse is also not able to do thing in certain account that requires your signature.
That could be a major problem sometime.
So I think when you are ready, set up a trust.
For big landlords who has lots of money like jy101, should even consider to set up AA trust.