Excess cash.

you snooze you loose. and some markets are much hotter than others.Like Vegas right now is super hot.Portlandia is strong but inventory stands still for a month or so.. but a smokin great deal in almost any city is gone in hours.

Personally, I would do both because if the stair nose trim comes loose there's nothing to keep the floating floor from skipping away.

After title clearing, purchase of property, excess fees, your profit quickly shrinks to several thousand dollars.

There was a recent BPMoney podcast on dealing with excessive student loan debt.

Real estate will provide me the final missing piece of cash flow in excess of my lifestyle’s expenses.

There's a greater likelihood of parties, increased traffic, excess wear-and-tear, etc.

It's my understanding that you cannot charge them for normal carpet cleaning, only the excessive damage, like stain removal, so you'd pay the regular cleaning fee, then charge them the itemized extra for the damage/stains. 

At this point we don't know what to do because maybe we are afraid of loosing what we have built so far in savings and equity, but also because we have a new member of the family that we want to make sure he has a good future.

You can loose a year of cashflow very quickly to unexpected roof repairs, furnace or air conditioning replacements or even exterior painting for a random C of O inspection or a shocker come tax time.