SECURITY DEPOSITS: The total of the above deposits shall secure compliance with the terms and conditions of this agreement and shall be refunded to RESIDENT within _____ days after the premises have been completely vacated less any amount necessary to pay OWNER; a) any unpaid rent, b) cleaning costs, c) key replacement costs, d) cost for repair of damages to premises and/or common areas above ordinary wear and tear, and e) any other amount legally allowable under the terms of this agreement.

I was wondering what kind of issues to expect from a burn situation - things like water damage, permits, blueprints, regulatory compliance, etc - that sort of thing.

I did this to show my intent and assure our compliance to occupy the home. 

It seems to me your first action should be to get the tenant into compliance with the terms of the rental agreement.

Make sure you act in compliance with Landlord-Tenant Law for the jurisdiction of the property.2.

And it appears in Annapolis change of ownership would trigger compliance with current codes/rules even if grandfathered for the last owner (actually, I believe change of tenant now would trigger it as well).  

I also have his advanced course - which gets into presentations - however, there are SEC compliance regulations regarding the marketing and presenting of investment opportunities.

Ensure your default provisions are in compliance with state law, ie 30 days.There can certainly be more issues, but you get the idea, yes, you need an attorney.I'd also suggest you look into a Subject-to transaction using a Special Warranty Deed, it would be cleaner with a note and deed of trust.If there are concerns, a lease and option might fit the situation better.Good luck :)

You might have one lender that will give you the APR with title as a APR item because they're in "over-compliance-mode" and they may have the best deal but the other lender doesn't put title as a APR item so their APR looks lower.

LLCs have a stated term, like 20 years, upon the affirmative vote of the member(s) the LLC may be renewed for that like or any other term.Costs vary by state, accounting will be much the same, compliance is about the same, an advantage of a trust is no minutes of meetings except authorizations to purchase property are needed in some states, that can be about the same.The advantage is that a trust is not a business entity allowing expenses prior to an asset being acquired, you'd have a hard time deducting a real estate seminar on flipping unless there were trust administration aspects.