Learn from the mistakes but there will never be all the information to make a 100% risk free decision.

An LLC is not free.

Double check on insurance costs for a 400k STVR not a regular residential home.

Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)

Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.

If you do research ahead of time, what are some red flags that would cause you to back out of a deal or add a couple thousand to the deal cost for legal battles/ cash for keys?

Over 220k equity and living mortgage free Lessons learned?

Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.

The only cost so far is the hosting which was $150 for 4 years (plus domain name which was negligible).

If it'd be helpful to have a backup option in place for them, feel free to reach out happy to answer any questions on that.