If you bleed money every month, it is a bad investment or hobby.

How one can expect to manage their manager(s) well without having ever done it is something I struggle with. 

A seller with a bleeding neck problem that they know they can't solve alone, lots of equity, multiple issues (think prefect storm) and the ability to say 'yes' to your proposal. 

OMG that post quoted here made my eyes bleed.  

If you can't, they you can and will bleed you dry.

Bleeding the air out will only ever be a temporary fix until you figure out where the air is getting into the system.

My tenant yelled from inside, and I rushed in to find him distraught, with no phone, bleeding all over the place.

Try the guy on Craigslist with no indemnification clause who works for nothing in property management, I'm sure that will turn out swell. 

@Chris Seveney is right....you will likely pay way more than you planned to finish the project, but in my opinion, the most important thing to do is stop the bleeding by finishing or cut off the arm completely by selling the property.  

then right before funding they have one other little issue and now you need another 500 or 1k or 5k.. before they can fund.. they squeeze that out of you and once they have bleed you about as far as they can..