Looks like great place for investment. Am I missing something!?

[Hamidreza Rajabzadeh Oghaz]

Hello
I am pretty new to RE investment and in early stage of research. Having a family here got me interested to look for RE opportunities. 
I would like to run a scenario with you and some numbers to make sure I am not missing something. 

Assume an average 3bd 2 bath house in Columbia $150,000 (e.g. Forest Acres)
Down payment of %20 and estimate of closing and unexpected cost: Initial investment of $40,000
Mortgage ~6% and Tax rate (6% - Crazy!! :D) + Insurances: payment would not go over $1,600 
I have seen rents range around same price ($1,400-$1,800)

D this numbers make sense!?
If it does it looks like a great place to invest!
And would love to connect with people that help to make this dream come true. :) 
Thank you

[Patrick Roberts]

6% for property taxes is the assessment ratio, not the tax amount. Richland county has a tax estimator that works fairly well, but youll need to know the tax district that the target property is in. The assessment ratio gives you the assessed value, which is what the millage and other variable taxes are based on. 

Overall, though, I'm bullish on Columbia for the long run.