Looking to buy my first rental

[Scott Kronzek]

I'm looking in Baltimore for my first rental property. Can you seasoned guys look at this and tell me your general thoughts?

https://www.redfin.com/MD/Baltimore/1524-Byrd-St-2...

I think it rents for somewhere around 2200-2400 a month.

[Matt Schelberg]

Be prepared for a sharp increase in the property tax assessment.  Taxed at 2.3% they can eat you alive.  The current assessment seems low at $156k and Baltimore City WILL raise them eventually, even with no improvement in the local market.  Crunch your numbers and make sure your deal can survive an assessment increase to $250k.  (That would cost you $2,100/year!)