/city regulations, set up costs, doing things to stand out) and leave you with less cash in case of an emergency.

You need to think about not just the potential income but also the potential problems such as city ordinances, state law, insurance, potential eviction issues, etc.

If built recently footings should have been inspected by city.  

Their rent is subsidized AND if they damage your property the city/state will cover repairs.

I really want to finalize the purchase at least -Because the property for legal STR is very hard to come by here in City of Las Vegas.

If you don't do that and the neighbors complain like it happened to me, the city will knock on the door to see what's going on and give you like a $100 per day fine which I paid.

I am looking for someone that is active in this market and can guide me on how friendly or not the city might be to replating these lots and also some one that I can work with on the renovations. 

You do need to pass inspection with the city.

The suburbs have a number of good PM companies, but due to the low price points and rents, and the nightmare of dealing with the city and courts there, most of the good property managers in the general area won't touch Baltimore.

These are largely in the suburbs and some markets within the city.