Grantee choice of Tenancy

[Joe Boggin]

I am married. My wife is a very successful supervisor and her industry. I am a business owner. She likes to invest her money in stocks and bonds. I like to invest my money in real estate. 

I am waiting for seller to clear title for a foreclosed home that I just purchased. The listing agent send me over documents about how I'd like the deed to be recorded. I don't know if there's pros and cons of checking a certain type of way the deed should be recorded?? I am purchasing the house myself my wife is not on the contract nor the deed.  My options are tenants by entirety or joint tenants with rights of survivorship or tenants in common... If applicable community property separate property. 

I don't know what these mean??