We have an agreement that they will manage the properties and the management company earns an asset management fee for ongoing management of the properties.  

@Sarita Scherpereel I am in total agreement with you on this concept of neighborhoods. 

You'll want to have a lease agreement in place, which makes it different than STR, but you should be able to get 3-6 month rental agreements in place.

I think it would be wise to consider starting a new non-broker MD business and keep it separate from your FL Broker Business.Make it clear that you're not licensed in MD and cite the exception for property management in all documents.Get County specific MD lease agreements and property management agreements.Find an experienced MD attorney if you need any additional help

Same thing .. you can manage his properties but a Realtor's License will help you greatly .. a property manager can handle other peoples properties with a management agreement.

Your agent should be able to assist with this, but typically you need estoppel agreements to transfer the lease from the existing owner to yourself. 

John/Jane Doe, and any change in occupants requires mutual agreement of both parties to ensure that the business doesn't start to rotate different employees through with no option?

@Alison MichelGET the property under agreement Good luck Paul

Be careful making some form of agreement with the seller of the property in advance.

Review their management agreement.