Some people spend money on vacations and clothes.  

I see more and more nurses exploring this option as baby boomers continue to retire in droves with only social security to support them.

Nope, still 300-350k people living here, and 2500 babies being born every year.

Furniture cloths valuables etc) up to a value chosen by you or your agent.

Go look at where realtors advertise (zillow, redfin, etc), and just find the youngest-looking baby face around.

You will waste SO much time figuring out who peed in the pool or didn't pick up dog poop or didn't pull their clothes out of the dryer or who stole their such and such with a high maintenance placement @Huthaifa Afanah!

I have been also logging all expenses into a "yearly expense journal" on Excel spread sheet that I created myself.Now that we have a baby and MUCH less time, I was wondering if it's wise to quit keeping my own records since we have a PM.

Looks like the electricial wiring is original two cloth-insulated wires, although the kitchen and bathroom have three-prong GFI outlets.

Personally, I wouldn't purchase my residence without title insurance - my parents nearly lost their home when I was a baby because of title issues that didn't become an issue until years after they'd purchased.  

This is a golden opportunity to start with the baby boomers aging.