@Joseph Braunthis is not unique to Baltimore, i think this is a feature of many cities, including most rust belt cities. 

I've heard of people doing it 'under the table' but what's the best way to do it for both parties? 

It's NOT for the novice, it is unique, and very easy to loose a lot of $ first if jumping in blind. 

Relying on a property tax assessment for this information may result in leaving deductions on the table.

Thank you so much for the link to the table showing title insurance.

That said, over a long time horizon, and for investors who are willing to take chips off the table and not continually double down on PML, it's a great return and the spread is large enough to make a big difference.

Key Opportunities in the United States for Investing in Luxury PropertiesThe luxury real estate market in the United States is constantly evolving, and certain states and cities offer unique opportunities for those looking to maximize their investments.

Here are some of the somewhat unique ways I’ve seen people accumulate capital 1.

Hey, This is a unique situation, I purchased my second property in June 2024, a single-family home that used to be a duplex, and is still zoned as a duplex ( remains 2 addresses).

Most notably, so I can make use of them on my vacations instead of paying someone else to rent theirs ;)Happy to hear about your unique experiences!