Net income is distributed pro rata, and I have the option to buy additional shares in the property at an ascending cost of 5% per annum at a maximum rate of 10% of property per year (so in theory you own for eight years).

All of which, by the way, is AWESOME Sauce for Landlords, it's means rapidly ascending rental rates!

Fortunately I bought at the bottom of the market here and that forgiving market  along with the ascendance of Airbnb gave me time to learn what I was doing.Find some deals for yourself and make them cashflow.

Local banks might give you a better rate: in Nashville - Studio Bank, Pinnicale, Ascend Credit Union-- those might be some good options, other wise I'm sure Chase or Well's can do it. 

Being in upper Midwest at the time, we had the opposite, tenants galore and rents ascending but, there was an ever present fear that "what-if" it went ugly like other areas (SW) were having. 

Is it flat, ascending, descending?

We are in an ascending market and have been for years now.

Now, I am betting many will say "see, loose a few hundred at start, OMG, what a horrible thing", which is completely blind to the fact that with correct placement it's in an ascending market, and what happens there, rents go up, often considerably, and again equitable gains.

Only through uplifting eachother, will we ascend into greatness, i.e reciprocal altruism.

That 60% going to the schools is why I think the school district can affect your bill a lot.If you don't have the paper tax bill, you can look up your property at http://www.jacksongov.org/ascend .