In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.

Some things you may want to consider:  does the rent on these units include utilities?

The transaction allows investors toincrease the liquidity and diversification of their realestate investments while deferring costly capital gainsand depreciation recapture taxes that may result from thesale of a property.Benefits: REITs also can provide the same ongoing benefits of real estate ownership including income, depreciation tax shelter, principal pay down, and appreciation.

sounds like you're being thoughtful about this and you got some really thoughtful responses back, including from@Travis Timmons@Michael Dumlerjust to pile on - it is very, very difficult to, in the short term, replace W2 income with income from long term rentals. 

Glad to hear things are going well...Learning can stimulate tremendous growth in a very short period of time depending on how you use what you learn.One thing I'd highly recommend doing, if you haven't started doing so already, Is to download audible and start listening to books on the areas in which you're looking to learn/invest.BP has published many very valuable books on many different subject including BRRRR, investing with little/no money down, estimating rehab costs, property management... to name just a few.This is a journey, not a sprint, so take your time, adjust to being in it for the long term, and FOCUS!

Full details on the project are available including project description & costs, 3-year income/expense spreadsheet & photos. 

With over 18+ years in Real Estate including wholesaling, investing, flipping, etc.... drop me a DM with any Michigan qustions. 

Single-family properties present less wear and tear on your investment and allows your to limit your financial liability. 3 - What type of market your looking for (cashflow primarily, mixture of cashflow & appreciation, primarily appreciation). 4 - Get in touch with local boots on the ground - as others have mentioned, the core 4.

So if you ask today about a deal that's not fully completed, the total return (which includes current valuation) includes a minus factor.

Resources including books, forums, podcasts and personal experiences  would be very much appreciated!