SC owner occupied property is taxed at 4% and in addition there are several discounts given which makes SC owner occupied property taxes really low.  

If the window is close, you might want to do is listed with a discount brokerage and offer it at 149K. 

Hey everyone just wanted to update you all on the latest, so I am in my 5th month and its going great, a couple weeks ago I met a guy that is rehabilitating a neighborhood in my area and set him up with a capital investor and we are all in business the rehabber has 300+ properties in his inventory to rehab at low to no cost to purchase these properties basically the city approached him to fix the houses in the neighborhood, the city discounts the taxes and leans so he is paying less then bottom dollar for this stuff.I have my second property on contract its a multi fam with great return, still at my full time, I love my job so it will be hard if I ever need to quit but if I don't quit I cant wait to tell my boss to pay me less, who would ever do that!?!?!?!?!

Assuming over a specified period (usually 10 years) of income, appreciation, payment of debt (if any), resale value, cost of resale and discounting the numbers into today’s dollars, IRRs for NNN leased investments are usually 10%-14%.

Another aspect to the relationship is that my partner is my brother.So, I want to be completely fair in regards to an equitable return of his capital, but also not discount the work involved in all that I am responsible for. 

Most  sent up ACH to my account, I raised their rent and gave a discount to make up for the fact that some of their banks charged (this is at lease turnover).

Won't be any discount from Fannie, just accruing taxes, insurance, interest, etc.

(oh - also I'll be giving a demonstration tonight in the Webinar, along with a discount for Pro. http://www.biggerpockets.com/webinar ) 

Overall, the service is pretty good for finding decently discounted properties and would probably be best for someone looking to scoop up rentals.  

They want a discount/bargain and there is no flexibility on the time frame.