Why is this an issue?

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

A couple issues with Credit/income on paper.

If I had to speculate, I would say they are facing some serious liquidity issues.

General Contractor - Look for someone experienced in renovating older structures common in Baltimore.

The other two that are commonly used is (1) 100 hours and more than anyone's time in the activity or (2) substantially all the time in the activity. 

For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?

Is there any state statute dealing with this issue?

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Even at 30% discount, the QBO Plus subscription most Real Estate investors have to have is still $63+Tax.You may look at Xero, I heard they have the Class feature but it is cheaper, it's just not as commonly used as QuickBooks.