The tenants will be placed sequentially as each units is made up to code, to welcome new tenants.After all 7 units are leased out and rented out for 3 months the short term play is to resell the yield to a fixed income fund at 15% gross yield.

Do you live where hurricane codes need to be followed ?

Rule: Maryland Code B.R. § 7-101(c) defines a collection agency as follows: "Collection agency" means a person who engages directly or indirectly in the business of...

Your friend should not pay a capital gain under IRS code section 1213.

I just had one replaced that included removal, a new tank, all required piping to code, for $1800 total. 

Probably between $80,000 and $200,000, depending on:- Level of finishes- Type of house- Type of contractors- GC versus using subs- Local code requirementsBiggerPockets has a book on estimating rehab costs that you can check out...

I've also been thinking about getting into Inspections and/or Appraisal, I know they me decent $$, As long as there's no conflict of Interest, it seems like it'd be a hell of a way to learn some very VERY valuable things about housing and laws, methods, uses, code etc.

I was able to  get a Baltimore area code so no need to worry about that being an issue. 

They are incredibly easy to install and code.

Thresholds, twice as high as code allows presenting a trip hazard.