What would typically happen once the exemption is exhausted.

Obtain good liability insurance (some liability coverage can often be included with the landlord or commercial policy).Updating Lease Agreements: If you have tenants in the property, you'll need to update the lease agreements to reflect the new ownership by the LLC.Planning: Assess the overall costs and plan the order to do the items.Finally, while this list covers several points, it is not exhaustive, and the complexity of the real estate and tax laws means there may be other issues and considerations.

I literally rattled these ideas off from the top of my head, so it's obviously not an exhaustive list.Who has other/ better ideas to share with the BP community?

I want to have enough income coming in from sources other than an employer so that I have the freedom to support my parents as they age, support my wife's parents as they age (in another country!)

Should I be looking for an attorney rather than an escrow for my next step?

Does it make sense to buy something nicer with a bigger mortgage and exhaust our savings, or go cheaper and have savings left for another house when the time comes to move?

The house is no more than an investment that will eventually be a rental property.

Know what a double tap breaker looks like...know what is required by code (like an exhaust fan over a stove).  4.

Can you confirm that the animal accompanying you is a service animal trained to assist with a specific disability, rather than an emotional support animal?

Is there a map of Baltimore that has a grade by each area of the city/county.Well, Thanks for reading and I am looking forward to learning as much as I can from everyone here.Thanks One of things I’m obsessed with when I invest is something I call “gaps” basically when there are two area next to each other that have huge price differences (of course sometimes they exist for a good reason) for instance for years PG county was about 200-300k cheaper than an exact same house a block over on the D.C. eventually that gap pretty much evaporated as pg went up and D.C. went down.