I think what you are doing is 'getting into the game' and starting the beginning of the snow ball effect which will pay dividends before you know it.

I rented the then illegal basement suite and rented a room to my girlfriends which allowed me to live there for free.

For instance Baltimore City's real property tax rate is 2.136, for a total effective real property tax rate of 2.248 in Baltimore City for 2021.I don't believe I can post URLs, but the information is available on the MD SDAT web page.

This property had a very nicely renovated main floor, an illegal basement suite and a heated oversize garage.

This property had a very nicely renovated main floor, an illegal basement suite and a heated oversize garage.

I have then legalized the basement suite to add value to the house and rental options.

If you have an annual lease that states your rent is $xxxx for one year, then the landlord should not be able to increase the rent for at least one year, due to the lease terms.However if you move to M2M, the landlord can increase your rent again with a 60 day notice as long as they are within cap specified.Does anyone know how long this bill is in effect for?

The house has 3 bedroom and 2 bathrooms on the main floor, a separate illegal basement suite with 2 bedrooms 1 bathroom in the basement AND an oversize double garage with a 1 bedroom carriage suite in the backyard.

That could also effect rates and terms.

I've acquired a duplex, single family, quad and even built my dream home (with a custom AirBnB suite) thanks in part to the rental income I have.