This implies a year or two in it is inevitable that your equity has been reduced.Avoid the highest projected cash flow pockets in any area. 

I am now an athletic trainer in the Johns Creek area.

Deposit implies that it is refundable and it has to be held in a separate account etc.

@Greg Dowdell I haven’t done this, mainly because the landlord in RI is ultimately responsible for ensuring that the property has running water and sewer, which in practice usually means s/he pays the bill to ensure that’s the case.That said, you can certainly try to bill it back to the tenant, but if they don’t pay you will end up paying the bill anyway because if the water is shut off then you will have breached your implied warranty of habitability, and I believe it would count against you if you ended up in eviction court.So, basically you have to hope that the tenants are good enough to care about paying their water bills consistently, but not so good that they google (or ask) around and find out it’s ultimately the landlord’s responsibility.My main concern as a landlord would be how it would play out in eviction court. 

(Note:  I spent years as a speaker, life coach, trainer...the exasperating side benefit to that is constant self diagnosis...and some vodka for self medication).

This implies a year or two in, it is inevitable that your equity has been reduced.Avoid the highest projected cash flow pockets in any area.

Account Closed well hold on here- my statement clearly implies that a real estate decision must be the right one. 

Most of the lenders I work with right now are offering a 1/4 percent improvement for each point ... that would imply 3.5 points for your deal - not the 1.662 you're being offered.Unless you think rates are going to continue to drop during these next 2 years, I'd pay the points.By the way, who's the lender?

A neighborhood with 25% unoccupied homes imply you merely add another one as 4,999 other homes are still looking for someone to occupy or renovate. 

As the title implies, I am trying to find a list of active MHP syndicators in the US.