Refinance your SFR you live in to capitalize on the equity, reduce your payment because mortgage rates are so low right now, and take the capital and go invest it to create more income/wealth. 

Keep doing your RE sales deals (forget about going to work for a PM company as another suggested, that is time consuming and stressful work.

Some lenders add additional requirements (such as higher down payment requirements, stricter debt to income ratios, etc.) to reduce their risk.

Doing those two things will go incredibly far to reduce your risk with the investment.

Our proximity also provides a level of reduced anxiety when a tropical storm jumps into the gulf.We could give up the management (and someday, likely will) to a local management company but we would also be giving up the management fee which is ~20% (of gross) on average.  

If a property isn't selling, it needs to be cleaned up, improved, or the price needs to be reduced. 

There are some expected repairs to satisfy the FHA loan criteria.We are in good shape to finish this out but I asked my realtor if we should go in and try to ask for a reduced price.

Normally just floating the difference would be good to reduce trip hazard but not sure you can do that on the city walk. 

Lots of long hours and stress, so we were looking to change our lifestyle to spend more time with our six children.How did you find this deal and how did you negotiate it?

Most agents won't reduce it, because they now know there is more work involved and a lot more risk working with an unrepresented buyer.Lawyers are great with contracts, but they don't always know prices, the market, and typically won't go out with you to point out pros/cons of the property and also don't often negotiate contracts for you, or if they do, they may want to charge more.I can tell you from the handful of experiences I have been involved with where I represented the seller and the buyer thought it was a good idea to represent themselves...it was not good for the buyer.