Outside of their ability to produce revenue during the craze of a boom, none of these assets have any enduring value.

My wife and I were elated because we were expecting our first child.

Any family making under $82K in CA can send their child to any public CA university tuition-free (and there's a "middle class" tuition-free program too). 

I also built one home on 46 Aiken that was bought by Shep who is on the TV show Southern Charm.. he is the poster child of what is happening .. .but in the rental markets of the mid west these old dynamics are at play and still going the wrong way.. this is why so many get wiped out when they buy super low end properties.http://www.postandcourier.com/article/20141018/PC16/141019444

I am married and my wife and I just had our first child.

Stained concrete in my child's daycare looks killer even with scuffs and stains.

I just got a message from the tenant who lives on the top floor complaining about the child in the middle slamming doors.

So instead of coming here to ask how you should phrase your rejection letter designed to keep their money why not just return it.You wouldn't like it if it were done to you and you wouldn't like it if it were done to your child.

Hello,My wife is an inactive agent currently (made her license inactive when we had our first child).  

Eg, if the tenant can only afford $600 instead of $650, the property is empty for a month if the tenant leaves, then it'll take you 13 months to make up that missing month.In my opinion, empty properties don't make money.FWIW, we have dropped rents for tenants in the past, like the couple who had just had a child and her company fired her when she went into labor three weeks early.