I own 3 rentals (2 of which are in this flood zone) and am using all of the cashflow to try to pay off the lower balance one in the flood zone so that I can drop the insurance. 

I have seen regular pizza joint purchases, movies or eating out, all fine but when such are excessive for the income that can indicate poor money management, especially when there is a lack of savings and balances run thin at the end of the month.If I see checks every week to some church, guess what that probably means.....How people take care of and use thier money can tell you more about them than anything they might tell you!

It seems as though revenue would come to the management company which would pay bills/expenses, extract a management fee and return the balance if any to the holding company capital and/or retained earnings accounts.

She scaled back from her peak so she can have more balance.

What's it worth vs. the mortgage balance?

Any creative ways for them to get a loan, sell the property at a discount, use the loan to pay the balance of the mortgage, and make payments on the small loan?

You'll have a challenge to balance your time between the rehab and the new marriage.

Your loan balance, assuming 30 year loans, will be only slightly less than now.

He buys them at auctions, and he said the way I'd do it w/ a credit card is to have a preapproval ltr w/ me at the auction, use the card for the down payment, & then immediately refinance the loan and pay off the card balance, or when writing up the loan docs specify that the credit card is to be paid off w/ the loan--something to that effect.

They are much happier with how far their money goes in a market that is a very good balance of appreciation and cash flow.