If the property is losing money, I wouldn't touch it - unless there is a lot of land that you expect to build on and there would be value there.  

You don't want to be in a position where you have a great deal locked up and you lose it (and your earnest money) becuase your "low fee" lender can't perform. 

You may lose this tenant but don't worry, plenty more where they came from.Also, our experience tells us that tenant agents do nothing other than show the home. 

Most businesses lose money the first 2 years they are open, then eek out a profit in year 3 before settling into profitablity. 

I don't want to lose this deal so I intend to get it under contract and then look for partners for at least 20% of the deal. 

@Jesse WhitacreTampa hasn’t exactly gotten cool, but it does seem to be losing a bit of momentum.

But I feel it’s easier to have more doors under 1 roof than to have to have 8 different property managers and lose all your cash flow when your tenant moved out and it takes 1.5 months to get the property ready to rent again and move in the next tenant.

The strategy is counterintuitive.But, I think its a matter of how fast do you expect to pay it back and where do you lose the least opportunity. 

They have offices all over TX, but are major players in the DFW area.

That is just one of the many players in that area.