I'll buy in those areas whenever opportunity arises.

As a newbie myself I strive to repect the time and effort of others.Sounds like you will be changing your approach a bit when this situation arises again.

There are some tax rules to be aware of when pursuing these strategies, but those are easily managed if you're aware of them and have whom to consult with when a question arises.

I believe most claims arise from contractors and liens, but the title insurance companies have cleaned up the standard exceptions to avoid these issues.

Weird intricate social situations arise, and when you know people it's a bit more difficult to lay down the law, then if they're strictly a tenant.Well, you guys are walking the walk.

We will be doing our first flip in Baltimore City/County this year and we would also like an attorney who could help us navigate any other legal issues that may arise in this process.

Put responsibility on the tenant to keep it clean, free of junk, to take care of minor needs as they arise, and to report problems to you in a timely manner.

Much easier to know the expectations up front than to be a few days away from closing and have this issue arise.

I hope this helps REIs that are looking for key man to work with in this area.PS- I do not have any financial interest in this relationship as I never met him before my initial Nov 2015 discussions but I will use him again when the need arises.

So you could conceivably use FHA, then refinance once you hit 20% in equity....although we are likely to be in a rising interest rate environment in the future.