In Maryland, a Legal Agent is required if the Rental Property Owner resides outside the State of Maryland; including nearby D.C., Virginia.

Most city/county regulations want no less than 1 million in liability, so we require that for any clients.

Because it's my first property I want to take advantage of the higher cash flow I should receive because of my low mortgage payment.I'm more interested in just establishing the HELOC before it becomes an investment property so I have access to the extra funds should I need them.

There is also a Bank statement loan but that would require 10% down where they use gross deposits instead of income/taxes.  

Is there anyway to bypass any of the requirements? 

ChristianIn some states you are required to be licensed or to be a real estate agent to manage other people' properties.

The wife's credit rating came in at 751 which is one point above our requirement.

I am looking for GCs that can do SF and MF, can do a new building on raw land, full rehabs of beat down properties, and touch-ups (I like the lipstick metaphor), and require little supervision.I also really like @Johnie Hopkins original four points: 1. provides estimates of rehab works that come reasonably close to actuals (firm bids would be a plus),2. is able and willing to do cosmetic work as well as studs-deep rehabs,3. has a dependable crew(s) and is known to hit targeted completion dates,4. is knowledgeable of Houston / Harris County permitting and inspection requirements.Please PM me or email!

With an electric heater, the two drains lines would also be required.

You have already given them notice of the rent change and requirement for a new lease you are free to give a 20-day notice that they are to leave (see the timing required - you have about 6 days left).