I realize the subjective nature of this question and how open to interpretation it is which is intentional to elicit a multitude of different responses.

😝"Yes, a Property Management company that performs tenant turnover maintenance and bills by an hourly rate could be subject to Maryland Criminal Law Code § 7-104 if they are found to be intentionally inflating labor times for work orders. ### Relevant Aspects of § 7-104:- **Theft by Deception**: Under § 7-104, theft includes obtaining property or services by deception, which involves knowingly providing false or misleading information to obtain something of value.

My thought is to Open the LLC in a different state with lower costs and fewer regulations and relying on the insurance for protection (for any case, even if eventually ill decide to bring tenants into the property).I’d love to hear your thoughts on this.Thanks!

Probably somewhat intentional.

Your deal just doesn't fit, by definition or scope, the intent of the legislation (which is regulating people in the business of residential mortgage lending.)

Also, the purpose of an LOI is to express your intentions for the deal and how you want to structure it.

The IRS requires that the entity that completed the 1031 exchange (in this case, the LLC) remains the owner to avoid triggering capital gains taxes.One approach might be to hold the property in the LLC for a period (generally recommended at least a year) to demonstrate intent to hold it as an investment.

I have bought a number of houses that went through probate, divorce or illness, where the seller wanted to sell fast. 

This shows your intent to purchase and protects the wholesaler should you get cold feet and they're stuck losing their front-side earnest money, or heaven forbid, actually close on the property.  

Eviction based on what termsAdditionally - major question: if my intention is to contest the leases - should I be cashing the rent checks or does that work as evidence against my claim that the leases are invalid?