We have capital, great credit, but not a lot of time as we both have demanding jobs and we have a small child. 

Yup....trading off $70k/year/child is a pretty big deal.  

Tenant screening costs anywhere from $35 to $55 per person should include a credit report, criminal background check, eviction check,  and in some cases prospects are run through a terrorist and a child abuser data bases.

I have a wife one daughter and another child on the way in August.

Though, the other two basements were fine, only the "problem child" tenant had mold and that was due to his/her negligence.

Currently I have a fulltime job as a project manager, run a small business, a two year old and another child on the way!

I own an SFR in Cedar Park and my own residence in River Place (big and expensive which isn't great but I'm pregnant with my third child and it's an awesome neighborhood for the kids!).

If the property is one of worst performing or is just a problem child, then now is the time to dump it. 

I work in technology sales and my wife is a nurse practitioner; we're also expecting our first child in February 2018, so staying busy getting ready for that monumental change to our lives. 

If so, I'd then ask you consider taking advantage of owner occupant financing to rinse and repeat, and/or consider pulling out any lazy equity to fund subsequent purchases, all the way to funding your retirement, or your child's college years or...whatever is important to you at that time.