If you need financial help, ask under the "Finance, Tax, and Legal" forum.

An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area).

From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.  

The 1031 exchange will indefinitely defer all tax on profit and all depreciation recapture.

How do we minimize taxes on the profit we're making on this first home? 

I'd love to start my networking and also understand the tax complications of buying property while abroad.also FYI - my husband and I are looking to move to the USA at one point but most likely in 2026.

If you aren't familiar with Baltimore, I would suggest it's a hard no and say that you are trying too hard to make cash flow happen talking Baltimore and tax liens and auctions.

I just started using it and so far the owner info matches up with the county tax info. 

It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.