This incentivizes the GP to stay engaged.Lenders can pursue guarantor for losses: Even with non-recourse loans, bridge lenders often require the GP to sign a limited guarantee to be liable for lender losses from things like misuse of rents or failure to maintain the property.

Setting up and maintaining an LLC involves costs, including filing fees and potential legal or accounting expenses.

if you want to live in a better maintained complex it will likely require paying higher rent.  

I have never had a loan as long as 10 years because the appreciation in my market has always dictated extraction to maintain a leveraged hold.  

Also, stop trying to charge tenants for the costs to maintain your own property.

It's also worth noting that Harford County, with its proximity to military bases and good schools, could be a stable long-term investment, as areas with these features often maintain their value well.It's essential to stay informed and possibly consult with a real estate professional who understands the local market dynamics of the DC metro area.

Although, there are costs associated with forming and maintaining an LLC, such as state filing fees and annual reports that are to be noted. 

To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.

Even if you manage to be the first person in history to maintain the corporate veil of a tiny corporation.

And then there is accounting, invoicing, marketing and advertising, legal expenses, liability, insurance...Oh yes, and ideally you want to maintain a decent profit margin on top of all that.