Can you walk me through an analysis of a rental property's operating statement?

I would have the freedom to walk away with ease from situations I didn't like.In my case, I was told to buy the most house I could afford because it would always go up in price and by paying down the mortgage, my net worth would always be increasing.

We have been keeping it parked on the sideline however beacause were getting married in August and want to ideally walk away from the wedding without any debt and perhaps profit a few K.

My agent says she and her broker don't feel this is necessary, since I can do a final walk through the day before closing and see if the renter has moved all of his stuff out or not.

Is it just a quick transaction ( just pay and receive lien certificate and walk out of the building?

Interview them first to make sure that they are a fit and will represent you well. 

Then I hand everything over to the Landlord and walk away.

At the end of the day, I renegotiated with the seller that the 3 of us could take over his mortgage (in place for nine years and low rate) and provide him with some cash (10K) to walk away from the property after transfer of the deed. 

My thinking is that if we sell the property and walk away with a bunch of cash we could buy another property with around the same cashflow but with higher upside as far as a SFR growing in value more quickly than a townhouse would.My wife is thinking that she likes the cashflow and it rents really easy.

None of these strategies are a one size fits all type of thing.