If you're pretty smart with this stuff, I think can definitely make sense for you two to talk with a tax planner.

Hey nice to meet you PatrickI forgot to say that I’m an out of state investor but definitely want to come and join meetups I’m new to this market and thinking to invest on west Columbia, Lexington and Greenville on the northeast. 

Halethorpe/Elkridge/Glen Burnie are good as well but your money definitely won't go quite as far as Dundalk and Essex as everyone has hinted about here.  

I definitely agree that it's so easy to fall in the trap of paralysis analysis and reading books and listening to podcasts.

Most likely your insurance deductible will be more than that and an attorney will definitely cost you more than that.

I would do my best to keep the property but there are definitely ways you can come out ahead by selling and paying off the debt/ reinvesting. 

Everyone seems to have their definition. 

Identifying and addressing JV pitfalls is definitely key for money partners.

Investing with a partner, I would definitely look into start an LLC.

When someone buys an entry level property like this, there are definitely a lot of risks involved, so sure, you and I can agree on that.