They weren't maintaining their property.

This keeps your cash concentrated in case you later wanted to do a refinance of the lower leveraged condo.2. 

These are SFH rentals in nice neighborhoods, the houses, with a couple of exceptions, are fully rented to working people (no Sec 8) and the houses and yards are well maintained.

Over the years, there have been many fights about who is financially responsible for what and who has to pay for repairs/maintain tenants.

I do maintain a sufficient cash reserve to satisfy Lenders.I like using this strategy for several reasons.1. 

Here's some excerpt from ours that you may find helpful.MAINTENANCE OF PREMISES.Landlord will maintain all electrical, plumbing, heating, and other facilities and appliances supplied by Landlord in good working order.Landlord will perform periodic inspections of the premises, no less than once a year, for the purpose of property maintenance and repair.Landlord will notify Tenant in advance of the inspection.

I’m sure she’d rather live somewhere easier to maintain, I’d like the financial gain without pure greed, and in the end, the state wouldn’t get her property when she dies (no kids).Thoughts?

Most successful wholesalers of residential property concentrate in the areas where the real estate brokers don't function well - "ugly" houses, those that need extensive renovation, low priced homes not worth the realtors time or energy, and those homes in certain "redlined" neighborhoods where the major real estate brokers choose not to operate.

That is pretty typical of net cash flow on a deal where you structure it differently.Landscaping is something you do once as a capital expense, then it's the tenants responsibility to maintain it.

Are the homes attractive and well kept and are the streets clean and well maintained?