Excellent schools, centrally located bedroom community, top 3% household incomes, etc, keep the values stable in this little pocket of suburbia.

Since you are talking about selling to help with household finances that tells me you want to sell to pay the bills.

I am in the midst of converting my former primary SFR in Tracy, CA into a rental; my highrise condominium in Global City, Philippines (bought in 2008 for 50K is now worth 150K) is actually already cash flowing net about 500/month since using Airbnb last year.Matt's adage of "live where you want and invest where it makes sense" struck a cord with me.  

Financials: Household income $120K both of us have 800 credit scores.

I work with a lot of Condominium property managers on the south shore.

Hello, I wanted to hear your opinion on my preliminary qualifications below, even before I give them the Renter's Application to fill out:=======To qualify I have a min requirement of Household monthly income to be at least 3 times of rent.

Gather together all the documentation you can regarding all sources of income for your household and present it in a clear manner to your potential landlord.

I am under contract for a condominium near downtown Austin, TX.

I would at least have a checking and savings acct for rentals separate from your main household accts. 

I make a pretty solid paycheck, but having a child and a wife who now stays home to be a mom, made me seriously re-evaluate where every dollar goes in our household.