Quote from @Roxanne Whitaker: Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. 

House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an area 

The time allotted on the initial contract was ample time for the buyer to close.

I assume the lender pays for it, correct?

., 10-day notice to pay or vacate for nonpayment of rent).

Their pay-as-you-go model allows flexibility, so you only pay for what you need.

The tax expert knows more about whether or not the future is affected by changing the use between 2023 and 2024.If you are worried about paying taxes on rental income, you might consider that you can rent your home out tax-free for (I believe this is correct) 14 days of the calendar year. 

Are there specific market indicators or property traits I should be paying attention to?

Most lenders require proof of someone else paying the note for around 9-12 months so that the debt isn't counted in their DTI calculation.

I assume you would have to pay cash, because you have to spend all cash received to avoid taxes.