So, just as could be expected, MD legislature introduced a bill last year that would outlaw the wholesaling.

This will drive how much you can borrow.Consider More Modest Options FirstWith $200k in investments to deploy, look at starting with 1-2 short-term rental properties first to gain experience before scaling up.Explore markets closer to your mom's current location that may have lower costs but still tourism appeal.This allows you to validate the model and your ability to operate short-term rentals successfully before risking more capital.The short-term rental concept could potentially work, but I would recommend starting with a smaller, very well-researched first step to validate the model before going all-in on a larger endeavor.

In your offer, you should request the ability to perform an inspection (you should hire an inspector, but also walk through the place and inspect it yourself), request copies of all contracts pertaining to the property (leases, service contracts like pest control, etc.), and request estoppels signed by the tenants. 

Since this sponsor is on BP and was posting on other forum posts last night - I think he should have the ability to provide his side of things prior to anyone being banned or called a scam artist.

This rapid transaction showcased our efficient investment strategy and ability to deliver profitable outcomes swiftly.

This rapid transaction showcased our efficient investment strategy and ability to deliver profitable outcomes swiftly.

I'm confident in your ability to learn and eventually master Yardi!

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

Demonstrated ability to save. 

Risk is most often times associated with the area / neighborhood you buy and covers things like tenants ability to pay rent, ability to find quality tenants, ability to find good property management and contractors, likelihood of tenants keeping your property in good shape, etc.