You will find that NC has a much higher tax rate than the SC owner/occ rate, but typically a tad lower than the NOO rate (again this will depend on county).Where the calculation gets even more tricky is the value premium placed on a home by location.If you are looking at Charlotte for example, the national builders who operate in both markets will charge a premium on Ft Mill and Lake Wylie areas over Charlotte addresses for the same floor plan, because they know owner  occ buyers will pay the premium because their monthly payment will be the same for both neighborhoods.If you are in Rock Hill here is a fun Saturday.

However, we much rather a lower interest and no prepayment penalties but sometimes who has time for that! 

Rate is higher than a traditional bank but lower than private money or hard money.

Even in these cases, I stub only if I can't get a screaming deal on the compressor.If these are desirable units that are priced correctly, you will always lose a few prospects because of this, but I have never found I get lower rents because of lack of A/C.  

My assumption is the current owner would have a lower replacement cost, so ask your lender and then get your quote from your agent.

Because it is so close to Houston, those with lower priced places willing to offer last minute deals can keep their properties booked booked while many higher end properties will be vacant.  

So, if the land value is higher than the home and the initial yard, you'll have an ag or commercial loan, a lower loan to value, which means a tougher route to refinance. 

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California is probably going to be more expensive though and returns will probably be lower than other parts of the country.

I believe an S-Corp provides more autonomy to effectively pay 0 taxes on basically any level.