Hello Everyone, I am looking to purchase my first rental property in Detroit.

Dear all,I'd like to share a creative finance strategy that I have used to scale to $10.5M of client capital under management and $21M of assets on the books.

Curious if anyone has had success (or failure) qualifying for RE Professional status with an STR, even if not self managing?

I have purchased multiple audible books such as Real Estate by the Numbers, Start with Strategy, The Book for Rental Property, The Book on Investing in Real Estate with No (and Low) Money Down, and now I am reading Finding and Funding Great Deals.

I have a couple of properties in different LLCs.

I’ve heard the horror stories of TX property tax so I looked for low property tax. 

First, short term, I'd like to expand my portfolio of just one property into 2 by househacking by owner occupying a multi property.

Is anyone familiar with late fee laws in Maryland for a commercial property?

I assume you're talking about buying the property at the foreclosure auction, if not then it would just be about getting ahold of the owner and seeing if they would sell it to you.If you are aiming to buy it at auction, this is a really good article to read: https://www.biggerpockets.com/blog/buying-house-auctionMost important thing is to make sure 1) you are buying the 1st mortgage and not a second and 2) make sure you know if there are any tax liens on it as those don't get wiped out in foreclosure.

Much depends on the type of property you are purchasing and the kind of loan you are seeking.