New Maryland PG county Landlord here.

Youll need to move further east into PG County in general to execute this strategy.

PG?

I've actually reserved a room at the hotel in PG for next month, paid for entirely with hotel points. 

The score range for Duns & Bradstreet is 0-100 Paydex Over a 80 is good enough to get credit whithout a pg with some vendors.

Conversely, not qualifying as a real estate professional under Sec. 469 does not mean that your rentals cannot rise to the level of a trade or business under Sec. 162.We also have this little snippet on Pg. 44 of this  IRS Pub:Additionally, section 469 is a loss limitation rule used to prevent taxpayers from sheltering passive losses with nonpassive income.

I invested in Port because I found PG too far to manage.

. :)  remember you are max leveraged and with commercial loans are doing PG I am sure and .. not only that Texas is dual action state if you default your going to get personally sued.. that would be my main concern.. is that much debt 3 million worth 10k a month spread between partners.. for me NO WAY..

Excert from IRS Pub 544, pg 33Installment Sales.  

I have a feeling we will see more of these articles, and Yes a big crack down on lease options.http://www.post-gazette.com/pg/07210/805351-85.stmhttp://www.post-gazette.com/pg/07217/807147-85.stm