You can find Rust Belt towns all day long where the pool of possible renters is so small that you have to procure a house for virtually nothing in order to make a dime.

I also was unable to procure a quote over the phone, but one company said it was generally around $1 a square foot, which seemed low to me.

It seems like it would be easier to have the Mgmt company show the house, procure a tenant at a good rental rate and manage month to month but is it worth the 10% monthly fee and 1 month rent fee for placement if I only have one rental?

Both procurement options have merit, but if he conducts purchases I'd require receipts if you have reimbursement in your contract.

The listing agreement will most likely state that whether you actually sell or not, if the LA procures a buyer with an 'acceptable/reasonable/full price' (?) 

As for whether you'd be responsible to take out a loan if an investor puts 20% down; unless you have another means of procuring the other 80% - yes.

On the flip side, if you move on too quickly and then end up purchasing the property that first broker COULD sue you for procuring cause depending on the laws in your market. 

I know the IRS has a certain time frame (I think 90 days) to procure the property.

My property manager takes the late fees.The reason I am not fuming is because it is $100 more per month than the last tenant paid and it's actually a cash cow.My PM did not push eviction at the beginning I think because the contract says there is no additional procurement fee (one month's rent) if the eviction is before they have been in there six months.Now that he will get a procurement fee, he is pushing eviction.  

I am willing to act as coordinator and ensure that high-calibre feasibility studies are carried out, good business plans are developed, and all viability assessments and licensing details are procured for each of the projects (and hopefully others in future).