The administration and reporting on the account is the same, as dictated by law. 

SC law does not dictate that I use Certified Mail, but considering his disagreeable nature, I feel it is best practice to protect myself by returning his deposit in this way (or similarly) with proof of mailing date and proof of delivery. 

This is exactly the opposite of what logic would dictate knowing that markets are cyclical But as other posters have mentioned your margins are way too tight and this isn’t a good deal

If a property burned to the ground and you were left with a vacant lot, what would the value of that lot dictate that you rebuild?

Your MLS rules should dictate when you can contact the seller directly. 

Tax benefits are also amazing, but don't let them dictate your analysis.

A wise investor will have a good understanding of the marketplace; thereby where to invest, will be dictated, buy one's marketplace insight. 

Being the landlord you can control or adjust the rents to dictate what you need.I hope that helps.

The type of investor you are will dictate the most important provisions to include (or eliminate).

., they want to upsell you home, auto, health, life insurance, etc.)Dictator, not a consultant (e.g., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).