If you do find a deal worth pursuing, I'd consult with a CPA or compliance agent and ensure they'd perform without the incentives in case they were to go away. 

They put him on a gurney and hooked him up to a heart monitor. 

@Sinil Kim consult your local RE attorney. 

What is the best way to monitor utilities for the garage apartment?

I'm not a CPA so always consult a tax pro.   

I live in NY and have my taxes as a NY Resident. but Bought a property in Maryland.  Can i deduct all my expenses for this property on schedule E for example and use the loss to reduce my taxable income?  Does anyone ...

Always consult with your attorney before you rely on the above information.

I'm not an attorney so please consult with a local RE attorney, but I think JV is your best bet when starting out.

This is a great cheat sheet if your looking into raising capital, but always consult with an attorney. 

If you have been consulting with CPAs, that's probably a great question to ask them, but I would find one you are comfortable with now to find out how they suggest you take title to the property, whether there are any tax advantages to an entity as opposed to taking title individually, whether there are any tax benefits to certain home improvements, certain tenant income reporting, etc.