The tree is definitely dead and it will eventually fall (likely into my backyard, destroying the fence and possibly causing damage or harm).

The day job can also provide some fallback funds for major repairs.While we're setting stretch goals, I suppose there's no harm in going for a higher minimum cash flow!

It's only harmful if it's flaking.

So in that regard it would do more help than harm.

Short selling it or walking away from it will do her more harm than good and probably unnecessary.How much rent is she getting on it?

If the siding is not chipping or breaking apart there is really no harm.  

As long as you're taking proper precautions and monitoring your credit (which you should be doing while investing in real estate anyhow), there is probably not much harm, like David said.

If it is rural, you could turn it into gaming leases, throw on a cabin, and depending on NY parks and wildlife regulations, you could make some nice cashflow.

Hopethe PM gets severly disciplined, then he won'tlikely be able to inflict harm on other's like he'sdone to us.Whenever there was a problem (washer went out, webought a new one; electrical issue, we paid anelectrician even though it was the power provider'sissue; clogged drain- paid for a plumber eventhough it was baby wipes from their grandchild).

No harm there, but slow way down.