Extremely common.

I am reading through the forums about the extreme importance of choosing an ethical, skilled, open-minded, knowlegeable, etc good lender. 

It can still be very worth it considering the extreme rent reduction, appreciation, loan paydown, and tax benefits.

I find it extremely important to know and track your numbers on a consistent basis.

I worked on a deal similar to that and it was extremely difficult to get to the finish line but we were able to close the properties simultaneously.

@Kevin Smith Both properties performed extremely well.

I'm new to investing but have loved listening to bigger pockets for years and am ready to pull the trigger on a HELOC and begin my investing journey.

Some things to think about:1) "I saw how easy it is to get a license here" - low barrier of entry is not a good sign2) "I currently own one rental in Columbia" - you have no idea what you don't knowWhile your enthusiasm is commendable, it won't pay the bills or increase your knowledge.Property management has a "million moving parts" and any one of them can trigger a disaster:(So, you may want to consider working part-time for an existing PMC to learn the ropes.Of course, you can also charge full speed ahead and see what happens...

Hey Ed, I totally agree, I love creating systems and processes so automating a company is extremely entertaining for me!

So it last sold for 50k, and I paid just south of 200k for it, and so I am guessing that this increased price is what triggered the excessive property taxes.