@kret wrote:
What are the pros and cons of my name being on the deed?
You should consult, in-person, with a local attorney (see link below) or financial/tax adviser.
https://www.avvo.com/
Essentially, and summarily, having your name on the deed gives you some semblance of control over the property (including disposition thereof) and, on the downside, opens you up to premises liability.
