The fact that their documentation is not clear and they are in a hurry to move is a big red flag.

Doing a short term rental in a separated area that has its own designated, kitchenette and bathroom, would likely give you better returns and less headache.

Under no circumstances should the tenant ever burn scrap lumber in a fireplace.

The payments tend to be lower than a standard cash out refi, so if you end up in a tight cash spot, you have the flexibility to pay less for a bit until you get your bearings again. 

Quote from @Debra Irvine: I'm going to look at some properties this weekend in Baltimore and one of the properties is in a R--8, so it look as if its a townhome so I would have to get permission from the council to convert to a 3 unit building?

(the Pier or Vinoy Park.. watch dolphin swimming in the bay while running/walking or just hanging out in a hammock between palm trees) . 

That said, complying with local ordinances and ensuring the lot isn’t in a restricted area will be key.

For a $1,500 SD, they would most likely ensure an amount close to $2,700.From my perspective, we should never move in a tenant who cannot afford their security deposit.

Quote from @Mija Aguilera: Hi @Christopher Charles I’m based in Maryland and familiar with the areas you’re looking to invest in. As

@Sawyer Smith, you mentioned that you’d be running the fund yourself.. it reminds me of a situation my cuosin found himself in a while back.