I'm not a realtor but I work with one and I'm definitely thinking of referring them to him to sell if this doesn't work out this way.

I recommend working hard to find a way to turn that one into a rental.Sit down and work out the numbers with your wife, talk through what things will look like 5-10 years out as the house appreciates, rent increases and your job pays more.

If you are doing rehab work you can sometimes work out throw-ins like that. 

I would work with the property owner and see if we can work out a negotiation charging the tenant for a fair amount and the remainder be paid by the landlord.

Price point for Hostfully is approximately $1200 per year and they do charge an onboarding fee that includes a pair of individual train g sessions done online.  

I'm trying to work out the pros and cons, some help from those experienced is greatly appreciated.1. 

In the future when kids come a long I could take over the rest of the house or if things work out well and rates are down I can refi and maybe rent out the entire house at a close to profit and buy a new primary house for my family.Im not sure if any of that is realistic though.

Owners work out the compensation with the individual directly (typically around 10% of the revenue) and this generally reduces management costs from the standard (25-35%!)

I'm not a huge fan of hard money lenders either but sometimes they work out.

Most of the time by the time I’m running an actual background check/credit check I’m pretty sure the tenant will work out.