However, just like anywhere you are in the country, there are going to be some areas, that are simply not a favorable space (East Cleveland, Cleveland Proper (except: Tremont, Ohio City, University Circle, Gordon Square, Duck Island, Battery Park, Detroit Shoreway and a few more notable spaces)) moving on, the remaining eastern communities will give you settings featuring lower-middle-upper middle class, as well as premium upper class communities, but they do not seem to be on your radar anyway.

My understanding is: the property becomes Sch-E qualified "when put into service", which means you advertise is availability as a rental.Property A (dec.15) would be claimed for expenses and no incomeProperty B does not qualify for any thing except closing costs.But check with your CPA for accuracy on this

These are often pro-rated (except cleaning) based on lenght of stay. 

However this situation was the exception.  

Very difficult to cash flow and appreciation is out of the question except in the highest-end areas.

My BRRR strategy uses lines of credit to buy and repair, and then the delayed financing exception within 6 months of purchase through a Fannie/Freddie lender (up to 10 loans).

 Your answer is purely state specific and does not apply to many states especially Texas.Actually, it applies to MOST states EXCEPT Texas.

There may be exceptions to that, I am not sure, but if you are operating in MD then you will probably be sued in MD and MD law will likely take precedence.

If you don't impress those with money, you probably won't get it.Any commercial loan can be viewed as a bond, mortgages are exceptions, however you can still cross the line.Partnerships can keep you out of trouble, be a partner not an "investor" in your mind.Fractionalized notes, regardless of intentions of any broker or manager or even the participants, is a very dangerous path to take.

LLC's may or may not qualify for an exception to the FIRPTA withholding requirements depending on whether they are taxed as a corporation, a partnership or a disregarded entity.