You don't need to know everything to get started; you need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

The rental is priced over $2000/month, which move much slower in general hereFYI - you should definitely speak with folks in the market you choose who have knowledge and experience firsthand for that rental market. 

My experience is that condo associations typically charge so much in monthly HOA fees that any potential investment income gets eaten up by that fee.

@Casey Adams @Clint Jusino there are lenders that will go up to 80% LTV on a cash out depending on state, FICO, level of experience, etc and some have NO required seasoning if you have done rehab to justify the increase in value.

If you’ve never owned a rental before, I’d highly, highly, highly advise staring out much smaller than 13 million and 100 units, and frankly unless you have 13 million in cash no bank is going to lend someone with no experience 13 million dollars, I’d start with multi family in one of three places, a class Baltimore, canton, fells, Fed hill etc, Frederick or the eastern shore of Md all of those markets are somewhat affordable have good tenant mixes and a relatively safe, see how it goes, if you like it, than buy another 2-4 unit, than another maybe once you have 8-10 units if you still like it, still are making money than go for something bigger.

Legally they can't be shopping for a quote for you but they can definitely share a few contacts, especially if their past clients had good experience with these specialists.

The primary residence and one additional dwelling unit without any additional requirements, fees, permits, licenses, zoning, or related restrictions."

@Sunjeeve Weerasinghe I have no experience with luxury vinyl tile, other than many of my neighbors have used it and seem to like it.I put porcelain plank tile in my own home a little over a year ago and love it. 

I'm also considering charging a higher rent due to the potential for additional wear and tear.If you have experience with tenants who own horses, could you share your insights?

Does anyone have experience with this method, within this region?