Remember when dealing with investors, especially family, you have to put them first. 

RENTAL PROPERTIESThe first step in making rental income projections is to identify the rental market in which the property is located and consider the following factors when adjusting the future rental income: > Current rents > Caveats on rental increase and tenant removal > Market rents > Occupancy loss> Economic conditionsIt is important to remember that often the listed potential rents for properties may not be realized immediately and the future rates should be adjusted accordingly.HOSPITALITYHospitality is a cyclical and seasonal industry, making it difficult to accurately forecast long-term sales due to the ever-changing market environment.

They got denied (this was at least the 2nd time they got denied if I remember correctly).

Look at the days NACA rate and do the math to see how far you can buy it down, but remember you have to now pay SIX (previously 3) months PITI UP FRONT, so deduct that cash.

Rob K i remember you started offering a 5-year contract and you will give them a tv.

If my memory serves me right I read somewhere that you shouldn't use theirs but can't remember why. 

Hey Michael, I do remember that Maryland has some abstract transfer taxes.

And remember all this is paid for courtesy of your tenants.When I learned how to work a financial calculator, I persoanally like the Hewlett Packard 10BII, it woke me up as to what I had to realistically achieve in order to reach my financial goals.

Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him.

Then you hand your list to a contractor with the SKU's of every item they are to use in the house and you will be spot on with your pricing.Sorry this response was so long, but there was some great advice and I still think the best thing to remember is that it takes time and experience to get really good at anything worth doing.best of luck Samantha - Chris