So I would talk to her, let her know what you are doing and why and be sure to answer her questions etc.....This way, she hangs around you are limiting the amount of time that you have to sit and wait to take action.  

New to real estate and just invested as a LP in an industrial property. GP's goal is to sell the property after 5-7 years. When it's sold, can I as an LP use it as part of a 1031 exchange?
Thanks.

Stop thinking cash flow and think wealth building, right now you losing $600 a month at least and when stuff break they won’t give you a break, our tune is limited on this planet so make what you can sooner than later

They have told me that I am well over my limits with my current mortgages as they don't fully count rental income towards cashflow.I am not keen on selling either of my houses as they are both in my plan for long term appreciation and feel like they will go up much more in value if I hold them for a number more years.I know there are a whole selection of success stories on these forums and was hoping someone may have had a similar situation or might have an idea of where to direct me for advice or reading material that can help.

I know if I was limited by funds I'd go with something more proactive like cold calling or heck even going by peoples houses and putting a note on their door.

It certainly has its limitations but for a first time manager its really intuitive and quite easy.  

I'm looking at a neighborhood that has always been rough. Today, 3 new spec homes have been built and sold simultaneously for $350,000+. In this area, nothing has sold for more than $60,000. Old properties, run-down, ...

I totally get that I can't predict the future, but it seems like a limited amount of educated speculation may not be a bad thing. 

I have found a property that cash flows on paper, $220/mo after paying PM saving for repairs cap ex vacancy etc… rent would be $1000/moThe problem I am having is its in a bad area and I’m working with limited funds so bad areas are all I’m able to invest in currently, until I can grow my savings and BRRRR a few houses that I can pull some extra cash off the back end with the refi. 

I suggest you start by understanding your loan limitations.