The market for good rental prospects ($80k-$100k) has been picked over in many respects.

I have the up most respect for a fellow marine especially the old Corps and a mortarman.

I'm going to add "Account Closed" as a new keyword alert.With respect to the tenant, until you obtain possession the numbers and condition are irrelevant.

Hopefully they begin to understand that HOA living requires a mutual respect and understanding of the other unit owners.

He drew up two different loan options. 1) 30 year fixed @ 4.625% and a PMI 109 and 72 when the LTV is 85-89.99% and 80-84.99% respectively.2) An ARM @ 3.875% fixed for 7 years with a 2% cap each year after that.

I am going to respectfully disagree with those who are telling you to stay away from properties like this.

Though wanted to make sure I have a question answer and see if is possible for me to post, following BP guidelines and also Respecting the company I work with. 

Census Bureau, mean Atlanta saw the third highest population gain of any metro in the country, behind Dallas and Houston respectively—cities with larger overall populations.

The cities are right next door and function essentially as one community in most respects. 

Tyronne I respectfully disagree with your risk assessment in gap funding deals especially and I mean ESPECIALLY small balance second like that 20k behind a large first.. very easy to get wiped out..