As a result of the PG, generally all lenders will consider this in your DTI (global debt service on commercial loans). 

Pg 79/154 from IRS Audit Guide:"Passive losses are generally deductible only to the extent of passive income.

PG county has more off market deals, and more as you get closer to Baltimore.

Frederick County is 5th day...I forget what PG and Howard are.

In PG county the minimum on the sub $350k ARV properties is usually $30k.

I also purchased two more in PG that are also being renovated as we speak.

(Montgomery, Fairfax Arlington Counties) Sure prices dropped and bounced back in those areas....but when you go over to PG County, they are nowhere close to having recovered from the market crash while the other areas in general are back to 2006 levels.

@Wayne Brooks  with my commercial banks rule of thumb is anyone with 20% or greater needs to be underwritten and qualified and any PG's that the bank may require is signed by anyone with 20% or more ownership interest.I am not an expert of public financing guidelines like this.. good mortgage broker should be able to figure it out..

For instance in certain DC neighborhoods, most flips are bought off the MLS...but if you go over just east to PG County you will find a mix of MLS flips and flips being purchased from wholesalers.

Areas such as southern PG County offer a high price/rent ratio but lower appreciation and higher risk.