Or in this case the additional tax on investment real estate in SC. 

I track the principal as a Liability account in Xero, and whenever I add it to a report, it always shows the current balance, rather than the change over the chosen time period (like with expense accounts).  

Every property i use it i make additional tweaks.  

In addition due to prop 13, the tax base is a fraction of if it sold today.   

@Caleb Brown  Current rate is 5.8Its also a VA loan, ive heard of (but am not too familiar with) the VA IRRRL benefit which should allow me to lower my interest rate in accordance with  interest rates if they lower again.

When evaluating a property management company, it's important to look beyond just the management fee and consider the full scope of services and costs involved.For example, at our company, we charge a 10% monthly management fee, a $250 lease renewal fee (unless it’s a takeover tenant, which requires additional effort to establish a strong relationship - because usually people are changing pm companies for a reason), and the first month’s rent as a leasing fee.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

I pull permits for removal of load bearing walls, addition of bathrooms or bedrooms, addition of footage.

Get the property in your name, make sure that the seller is an additional insured.

Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.