My biggest concern is that the premium price that it will cost and the associated financing doesn't leave much room for decreased rents or high vacancy.

Thx again in advance.Expenses Annual Figures R/E Taxes $9,756 Insurance Premium $3,000 Maintenance $4,000 Water & Sewer $3,000 Common Electric $700 Gas Heat/hot water $0 Tenant Paid Management (5%) $3,937 Garbage $0 Ind.

New condo-like rentals with amenities will likely rent at a premium to your vintage two flat.

(Giving them a reason to pay a premium rent.)Lease Purchase Example- $100K Home w/ 10% down.Assuming they are looking for an FHA, I'd like to take a 3.5% deposit up front.

Then add ALL costs related to holding the property (utility costs, insurance premiums, property taxes, loan payments, etc.).Concessions: Concessions are what you give back to the buyer at closing.

You will find that NC has a much higher tax rate than the SC owner/occ rate, but typically a tad lower than the NOO rate (again this will depend on county).Where the calculation gets even more tricky is the value premium placed on a home by location.If you are looking at Charlotte for example, the national builders who operate in both markets will charge a premium on Ft Mill and Lake Wylie areas over Charlotte addresses for the same floor plan, because they know owner  occ buyers will pay the premium because their monthly payment will be the same for both neighborhoods.If you are in Rock Hill here is a fun Saturday.

A block off the beach should have higher premiums.

You need to run the numbers on where it will make sense, you can figure 2 months difference in permit delays for both then add the "premium" you'll get for selling a 2016 vs 1920.

What about charges that don't generate the same type/amount of tax deduction -- I pay my health insurance with a credit card, but I can't just take a Schedule A deduction of my insurance premiums. 

I don't think you necessarily need to be near a Disneyland (though it certainly is nice and get a premium!)