We also work with investors in the different markets we operate in to perform tenant placement where we work with ALE Solutions, other relocation companies, medical agencies, etc. to offer properties as a part of our inventory.

If not, ride out the 12 months with the hard money lender.People have to make good choices and not over extend themselves just for the sake of buying something they really can't afford or that doesn't make good cash flow.

Changing PMs is probably not the solution to your problem, and will likely create other problems. 

I just can't accept such a constant ever increasing loss, even if I can afford it. 

Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.

The issue we are running into is that lenders are not recognizing the excess amount he earns as income, therefore it looks like he will not be able to afford any loans that he would be approved for.

I've been able to afford my payments so far without much issue.

The wealthy live where they want, the middle class live where they can afford, the poor live in whatever's left over.

It's got everything to do with people just not be able to afford it, even if they wanted to.

@Jonathan Chan I have a solution for your problem.