If you are wanting to sell your real estate property, but are worried about paying taxes on the capital gains, a great strategy to consider is a 721 Exchange.

Never done it either, we've been approached to lend by some investors looking to do it.The risk of insurances rates skyrocketing or simply being cut off makes it extremely difficult.You also have to consider rental demand.

I need to find out if their current mortgage would be assumable and if that pathway would be better than the going rate.  

Furthermore, you'll obtain better financing rates/terms with a primary home loan than with an investment mortgage product.To get the ball rolling, connect with an experienced house hacker and investment-focused real estate agent in your market ASAP. 

However, landlords must ensure that their late fee provisions are "reasonable" and do not violate the state's usury laws, which prohibit excessive interest rates and charges.Under Maryland law, commercial landlords are required to give tenants at least 45 days' notice before increasing rent or changing other lease terms, including late fees.

The rental cap rate is 7%, but I have learned a lot.

Perhaps feel out the market with some of your local contacts and see if there is interest. 

Based on the results, you may want to renegotiate with the seller if repairs are needed or confirm the buyer's interest if the property condition impacts the deal.

That way you're not locked into the deal without getting an estimate and if the rehab budget comes in higher than $65k you can easily walk away- make sure the assignment says EMD is refundable if you do decide to walk.The 70% rule is a great rule of thumb.

What's so great about Old Brooklyn, IMO nothing.