A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

Totally! 

Originally posted by @Steve Babiak:Did anybody notice that the one post in this thread that is just about totally wrong has received the most votes to date?

@Todd Anderson totally agree on finding a mentor in the market to learn from.

This quote is from Better Mortgage, but I'm wondering if anyone has suggestions for other lenders who might offer better rates.I did explore a construction loan, but unfortunately, it didn't work out because the lenders said this is my first time constructing, and they were hesitant to move forward.Once everything is said and done, the total cost of the property will be $210K.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

And more than 600,000 residents are projected to move to the county in the next 25 years — raising the total to 1.7 million by 2050.Along with Mecklenburg, approximately 79% of the growth in the Charlotte region is expected to occur in the counties of York, S.C., (312,810 to 481,714 people), Union (269,572 to 481,612), and Iredell (212,583 to 335,056 ).A historic jumpIn the last 25 years, more than 962,000 people moved to the Charlotte region.

It's simple enough to make a row for income, and another for expenses, and then subdivide those expenses, and add them up in the total expenses cell and then subtract the gross income from those total expenses to get my net.

So I would caution everyone to make sure the replacement cost for your improvements will realistically cover your actual replacement cost in the event of a total loss.

The property investment in total is estimated to be 105K with $1600 per month cash flow when complete.