A couple of follow up answers:
1) Are inspections completed by a city inspector or a 3rd party and are there any expenses associated with that? or is that basically tied into the rental registration fee? Housing inspections are only needed for Section 8 rentals in Baltimore City.
Maryland’s Reduction of Lead Risk in Housing law requires owners of rental properties built before 1978 to register their units with Maryland Department of the Environment (MDE), this requires a Lead Paint Inspection by a licensed 3rd party. See costs in answer to #2.
2) Do you happen to have a ball park idea of what it costs to have a house inspected and Lead Certificate issued (pending there is no lead abatement required)? Inspection alone costs around $250-300, if lead paint is found the remediation can add much more. There are multiple levels of certification depending on how much remediation you choose to do, each certification level comes with corresponding requirements for routine re-certifications. In other words, a full lead free certificate means you basically never have to get a re-inspection, whereas a "modified reduction" certificate requires re-inspection annually and/or at each tenant turnover. So another $250. Google "MDE lead paint" for more info. But to get to full lead free status may require expensive work. Best to request a property's lead paint status before purchase assuming it has one so you know going in what you are dealing with. Hope this helps.
Thanks,