My custodian does not have a money market or similar sweep account to keep idle cash earning.

I'm now realizing that in the state of South Carolina, the tax rate jumps 2% for rental properties to help fund public schools, a $600/mo cost that I didn't account for when using the calculators in the earlier stages.

My name is Omar Santander a new investor that is interested in residential units (single-family and multifamily, with a particular emphasis on multiunit), house hacking, long-distance investing, BRRRR and mid/long-term rentals.

How many have they run at a single time?

Make sure that your tax accountant understands this. 

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

My wife and I have a vacant lot in Tallahassee and we're looking to use the current equity to exchange for a larger single family investment property.

We take accountability for our own actions however, in this instance we will not.

I was more interested in Fix and Flips or maybe even rentals for single family properties.