Property tax on rental question
Hey guys,
I am new to the REI scene so take it easy on me! I have been soaking up all the info on the website for the past couple months but have yet to find good solid info about property taxes for rentals. I just submitted an offer for a single family (Fannie Mae) property in Columbia SC. My understanding is that property taxes are almost triple the cost for rental properties ($2700 for this particular property). So my question is, will all of my deductions/tax advantages offset this horrible number?? I am assuming so or it would be very difficult for investors to own so many rental properties.I just wanted to run it by the professionals. Thanks guys!