No offense, but when there are tenant problems, an excellent PM is worth their weight in gold. 

I also don't offer price reductions for longer-term leases.

These geniuses thought if they simply put it at an angle the wood support it's own weight.

No don't hire a PM until you can scale - that landlord experience is worth it's weight in goldHappy to connect and talk through more questions any time - my answers are just based on my personal experience so take them with a grain of salt!

I bring this up because if you call an agent and let them know you have a preapproval letter then the conversation seems to carry a little more weight.    

The one thing you don't want to have to do is drag someone around with dead weight and them absolutely hate everything about RE, and it sounds like your spouse is at the beginning stages of RE!

Quote from @Adrian Williams: First, I never offer rent reductions as compensation for anything.

I strongly favor regular price reductions until leased out.Most people make the mistake of letting it sit too long when simple math points to that fact that 2 additional weeks of vacancy at $1000 per month equals $500.

Specifically, you'll want to collect and analyze a LOT of comp sales data (including data pertaining to days on market, price reductions, the buyer pool, etc.) so that you have a very good understanding of the buyer pool, and how difficult it could be to sell this type of property...I'd suggest talking with multiple agents who have experience with this type of property, and asking them what type of DOM, ARV, and sale experience they would predict for the property.Before you take on $25k+ of credit card debt for a rehab, you'll want to consider all the potential problems you might face with your strategy, and potential solutions to those problems.

I only illustrated appreciation in this scenario, but the concept of exponential growth is the same by having multiple properties for things like cash flow, debt reduction, and most importantly for me, tax benefits.3) I run cost segregation studies on all properties I buy to take accelerated depreciation to offset my income.