I just bought my first rental property in Baltimore, MD, and I’m planning to rent it out by the room, including the basement.

Include an exit strategy, tax planning, and insurance to protect both parties.

That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity. 

if you are going to do things like include utilities, or have an off street parking spot, other amenities etc, there's no reason in my mind you couldn't "charge a premium" for a premium unit/service. 

Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.

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By this point, they will have already thought about what might happen if you leave, including the need to turn over the unit and find a new renter.

Brokers acting as paper pushers and contract writers will obviously charge alot less than a broker taking on all responsibilities including marketing. 

This includes cap ex, repairs (will a renter leave the property in the same condition you hand it off in?

Though at 1525/mth it is projected to cashflow a little less than 100/mth  -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).