I haven't reached out to a bank yet to understand how they view my wife's and my income. 

I do not wish to keep the tenants in place because I have already learned from the seller that they don't pay on time and when I viewed the house it was clear that they were not clean folks.

@Troy Zsofka I agree there's some balance to be had when it comes to utility costs, but I think people could view it as an opportunity to lower their costs.

It will also make viewing houses easier.  

Everyone has different  views on the subject. 

www.mrmoneymustache.comAs far as how to get ahead while working full time w/ a family AND trying to invest - this guys blog changed my ENTIRE view on things and actually was what launched me on my way financially.

@William Hochstedler You have very accurately described the situation in this town.

@Don Meinkesounds as if they are "attempting" to look out for you from their point of view.

A rising market, which is what you appear to be describing, is one where prices are rising and as such comps become outdated due to the demand in the market.

I'll describe the property and my plans before listing what I remember during the inspection.This is a 3-1 ranch (1,050 sq ft) listed at $49,900.