I don't have deep pockets to spend with big companies charging a monthly fortune to help me manage.  

Since it is a mixture, they are not able to drain it, so I have to get a hold of another company to give me an estimate.Thats no big deal oil and water will separate , you pump off the bottom using a clear hose as the discharge hose , once you see red you are into the good oil .

I'll take some deep breaths and try to trust the process and hopefully not lose any money

I've got a solid ARV on the property and want to present the seller with a multiple option letter of intent 1) an all cash offer (deep discount) and 2) one on terms; small down payment with the balance payed back over time.

The first red flag about this "deal" is that you're losing money every month and not actually cash flowing. 

Anyone with more experience see any red flags with this situation? 

At the Fool, we can click a red heart for any board to make it a favorite. 

We'll talk, I will try my best to tell you everything and anything I did to get from where you are to where I am now (9 houses deep into flipping) in 9 months of time. 

Like the Monday morning after a frat party bad, I wore a respirator with VOC filters and still felt like I was a 6-pack deep.

Those with experience and deep pockets are better equipped to succeed in RE.