Welcome JoesphI am also an engineer, (retired) in Baltimore MD.I invest in rental property and tax liens.The legal aspects of rentals in MD make it a challenging state.Wayne

If the eviction falls on a rainy day the Marshall will usually reschedule the eviction.Timeline for the whole process can take 3 to 4 weeks or 3 months like if in Fulton county and they have limited Marshalls and sometimes thousands of writs to serve a month.No legal advice.

The borrower will struggle to justify the amount of fees (legal and recording fees typically run $1500+) he will have to pay for what is a relatively small sum in the rehab world.

Consult with your tax or legal advisor and make absolutely sure that the LLC would be classified as a disregarded entity, otherwise it could disqualify your 1031 Exchange if you initially bought or immediately transferred the property into a LLC that was not a disregarded entity.

Do HOA's have legal authority to restrict, by % or number, units that can be rental and insist that a sale be only owner occupant?

Anywhere in the US, you can assign your rights to any legal contract, whether it be real estate or not.

I can repost this in "tax, legal, etc." if needed, but thought I would give it a shot right off the bat here.Thanks,Nick

You have to calculate at what clip your market is increasing percentage wise each month and then with mortgage payments monthly at what point in time likely they would intercept to getting even where you can sell and get out of the property.No legal advice.

Not looking for legal tax advice just general thoughts based on experience.

Things like Legal, Accounting, Marketing etc. can all be things that you would want to account for even if just as a miscellaneous/fudge factor.That being said with that giant vacancy rate and pretty healthy maintenance line item the numbers look pretty solid.