We have a meetup on the second Wednesday of each month so keep an eye on the events tab for June's!

I was in Kingston a few weeks ago and subdivisions they are building there are such a soar eye for me.Not saying you can't have a great investment out there as you can anywhere.

Eyeing a ~220k 3BR 2.5BA to rent out the other two rooms at 550/mo.

I'm looking to hear from those who are outside of that audience- how are you marketing to others without pulling the wool over the eyes? 

2) Is the huge price difference has any "catch"?

Not the other way around as the 'corporate veil of protection' is still valid while incorporating a business entity mind you.I think you're asking if alternatively an LLC would suffice as a way to organize, but this can easily be determined with an SEC lawyer (even an initial consultation).Your question indicated about ten people involved in this particular business plan and could be covered under the LLC as well in the ability of 'unlimited owners' (people involved)- but again that's where a consult with an SEC legal professional comes into play.There may be things that even your LLC would be involved with that (if you started there) would pop up on the SEC radar- and it seems better to know how to most legally organize from the start.There are various podcasts and books on this topic for folks in your exact situation, but I would consider maybe just skipping those and going for a meeting with an SEC lawyer from the gate- better safe than sorry, and you may be advised an LLC would work just fine for you.

I reserve larger increases for when a unit turns over and that's when I play catch-up for any big market swings.

It is expected to take a few years for the new construction to actually catch up to the population growth.

I'm going to make sure to incorporate the ideas from the responses in my rental contracts in the future though - to the extent it's legal in Maryland ;) I do hope you come to a positive resolution with your tenants quickly.

another catch-22...