Under the above PASSIVE investing plan, the investor can have accurate allocations from rents going into the various deferred maintenance accounts, and putting accrued profits back into the business compounding the power and affects of the annual active contributions.

I have been on BP for quite some time, almost 4 years now. I have been very close to several deal at various periods throughout that time. For one reason or another they never materialized. Then about three years ago ...

In addition to that, all investors will have to pay a one month leasing fee to the state for the privilege of leasing a property to tenants in Maryland. 

If it's one to the outside and one to the first floor unit, then it's an in-law/family apartment, and will never rent for the full amount of rent you would get from stand-alone apartments: Would you pay full price for the privilege of giving a complete stranger 24/7 access to YOUR dwelling?

@Ned Carey The interest rate is really 9.16% compounded monthly.

As you mentioned, some states are more cost-effective than others when it comes to saving a few dollars upon formation, filing your annual return, business license/tax/privilege tax, and/or when you file your annual report.

You basically have 2 scenarios here -1) Evict everyone including named on leaseThe named on lease the reasoning on the notice to quit "Where one originally had the right or privilege/is now terminated"The others under "Never had right or privilege to occupy".

    $100K / 20 Year Mortgage Home price $100,000.00 Down payment 15.00% Total amount financed $85,000.00 Payment amount $584.70 Total payments $140,329.80 Interest rate 5.50% Interest compounding Monthly Total finance charge $55,329.80 Sum Total to Seller $155,329.80 Seller Net Gain for SF $55,329.80   So if I wanted to payoff early, what could I present for options if he wants an early payoff penalty? 

@Matt Crawley age is just a number. if you fail or succeed in this business it wont be because of your age. yes time is a factor i.e. compounding, loan pay downs etc but you can circumvent those easily, just adjust your strategy. you can do this and make it work so long as you invest the time and effort into doing the best you can.  

I'm still saving everything though, to compound the snowball effect.My advice is to work on eliminating unneeded expenses now, so you can create a pile of cash with the money you make wholesaling.