Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

I have an example from my own experience, radio channel is a great avenue for deals (maybe in your market, I would look into it), and in many markets, it crushes.

Marco/Norada Capital sends emails that my money is taken and I don't have any control over my money.  

We can remotely control the temperature, but if someone (a guest) manually changes the thermostat, it overrides our remote settings, which is what we want.   

Ramsha - most of the regulation for a STR is controlled by the neighborhood HOA.

Control everything but own nothing. 

Interesting discussion about national rent control here- Why Rent Control and Housing Subsidies Backfire: James Burlinghttps://link.theepochtimes.com/mkt_app/epochtv/why-rent-control-and-housing-subsidies-backfire-james-burling-5732950?

california has had statewide rent control on mf units for ~5 years.My experience with rent control is that in the near term rents increase more than without rent control.

Mia - I've seen someone else post about this revision to the UC rent control measure but can't find anything on the city's website. 

During the GFC, the Obama administration took control of these entities and they have since been 100% controlled by the government.