In Maryland , the contractor must supply the customer with the contract containing all the terms and conditions .  

This double language is exactly what I would use as an out if needed.Can you check your contract and see if it contains something similar?

For example, here's one being offered by Bla bla bla company via bla bla bla crowdfunding company (I deleted the details so nobody would think I was looking for an offer or asking for an offer) right now:Built in 1968, the Property is a 208 unit apartment community containing 176,783 net rentable square feet.

Our accountant completed our tax forms and, since the house is not yet finished and the property purchased has a long history in the area of being a small farm, and it also contains a rental unit, the accountant said he felt more at ease about declaring it 100% Income and Investment at this time.  

Found a couple rocky hillside lots in my market that would be tough to develop for traditional homes but I think a modular container-style home could be an interesting way to hack the geography, and even more interesting as a duplex setup with or an owner occupied unit with a guest unit.

Paper applications are dangerous - frequently contain social security and driver's license numbers.

In some instances the opinions of equally qualified appraisers may carry unequal weight, such as when one appraiser has a better knowledge of local conditions.The appraisal report must contain a complete description of the property, such as street address, legal description, and lot and block number, as well as physical features, condition, and dimensions.

Section 3 of SB 198 contains provisions regarding the effective date (Sept. 1, 2001) and the application of specific sections of Subchapter D to existing and new contracts for deeds.

I should add a few points to answer the rest of your question.The whole point of using a LLC or LLP to hold a property is containment of liability risk.  

College rentals are kind of like shooting fish in a barrel - you have a contained market and always people looking for a place to rent.