That’s a huge milestone.Looking at the numbers, you’re sitting on a solid property here.

We both also have finance degrees and are savvy with finances and from an income perspective we are inline with each otherSimilar to what JD stated - We have a living trust where everything eventually goes to the kids and if something were to ever happen we would sit down like adults and resolve it without being vindictive. 

They don't have time to sit around wondering whether to keep those old boxes of used toilet paper rolls.

There's way too many moving parts in RE to where he has to sit on the sidelines, and plenty of stuff he can do that does not pose actual risk.

Do you dislike work and want to sit at home wasting away in front of a TV? 

If you sit empty for one month, you lose $1250 for PITI, plus utilities and any other expenses.

My recommendation is to put 10-15% down depending on how much (cosmetic) rehab you need,, sit on it for 3-5 years.

But with a 2-year-old, traveling and destination choices become a trivia of how many hours can she sit still, etc.

And as i said, everyone I know is sitting pretty, not an issue at all.

I have had a credit history for 20 years, paid as agreed, paid off many lines, have plenty of available credit on CCs and I sit at 730-750.