The only item that I haven't found is how to account for loans on the balance sheet. 

We also require initial payments to be made in good funds for rent and security deposit, which helps to solve a lot of the asset verification.

I'm not sure what laws you think are unclear, but the loan requires occupancy within 60 days.

I setup an LLC for my purposes of renting my first home and I am wondering if I need to transfer my mortgage / title of my first home into my LLCs name instead of my wife and my personal names. (1) Is it required for me to transfer the ownership of my first home to my new LLC?

You will be required to pay about $400 per month HOA, this gives you and your guests (who are staying with you) access to the 4 pools. 

Here is a link to the Comptroller's guide to the non-resident withholding, which may have answers to your questions: https://www.marylandtaxes.gov/forms/current_forms/withholdin...If link doesn't work the document is called "MARYLAND'S WITHHOLDING REQUIREMENTS for Sales or Transfers of Real Property and Associated Personal Property by Nonresidents" which you should be able to Google.Good luck.

Finding financing for multifamily properties in the 5-10 unit range typically means local banks and credit unions, or small balance commercial lenders.

However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.

I understand the title insurance fee itself may be set by the state.It means that I am familiar with the nuances and requirements of investor-type deals that are not present in "traditional" retail deals.

Same staets, like mine, have an Energy Code where you are required to get a certain amount points of point for new builds.