There is a new bill being proposed hopefully eliminating Pmi if that gets passed that would be a game changer .

I have however feel victim to some pretty steep bills for property taxes.  

They'd also probably be more aware of how much water, gas, or electric they are using when they have to pay the bill after each cycle.  

.:  Bill Burr I saw today had a great take on the fires.

@Bill B., it's probably irrelevant because of Dave's point, but curious to understand what you're saying. 

The current owner is letting me take over the property as a tenant as long as I pay the water bill and the mortgage payment on it and whenever I decide I can purchase property for the balance of the mortgage  they are in no hurry for me to purchase the home as long as the mortgage is paid. 

From the research I’ve done so far, it seems that South Carolina taxes investment properties at 6% which makes a tax bill quite high compared to a primary home.

If they pay all their bills and maintain a job it's unlikely they'll turn into an unemployed bum once they move in.

Most are going to want to lend on the rehab as it ensures the rehab to be completed,There are numerous ways to pencil it out in your favor though.It benefits to work with an experienced broker who can guide you through the process and put you into the best possible product and solution out there for you.

Sub30k seems to fit this bill, although I recognize there is also substantial risk associated with it when done improperly.