Push comes to shove, sell (if there is in fact some equity there being that the seller is selling so low and is super motivated).My 2 cents.

Two months post baby she may be super emotional. 

They can be a good cash flow business if you are willing to provide super-active management.The up sides:- Weekly cash payments- A lot of the time payments and tenants are provided by third parties such as halfway houses and homeless charities.

They tell me what they saw, if I should be concerned about anything, e.g. smelly or super cluttered areas, bugs, etc... 

So - if you own property, I'd ask that you answer the following poll about how you came to possess your first rental (landlords please, not flippers, this time):Click Here to Check out the PollI did this super quickly, so pardon the "easy polls" layout.

In addition to super-priority liens which attach per the tax roles. 

ALL super amazing flips that last 2, 3 weeks?

Keep payments low while hopefully building up cash flow from your units with good tenants that pay on time.The dent and ding are often substantially discounted off of retail prices because the home consumer will want in mint condition paying full retail.If your rentals are not super high end then having a scratch or ding for middle income to lower income tenants shouldn't be an issue.

I now use Mint.com (it's free) to reconcile all my accounts, income and expenses, then recently purchased a very inexpensive tool called MinttoReport which pulls the data into a P&L format that super easy to use once you have Mint setup the way you want it.  

If the tenant is super strong and really wants a frig maybe you drop a $1000 and put a decent one in for them.Good clean, sharp properties are in demand.