Installing thermostats with regulated heat control (we pay heat) 3.

Leverage is a big factor in real estate investing, as investors can control large assets with relatively small down payments, increasing their potential returns (and risks).6.

Also, check if they have skin in the game (their own money invested), as it shows they’re confident in the deal and aligned with your interests.If you’re considering alternatives, REITs are fantastic for super-passive investors who want steady, low-effort returns—usually about 2 points above a savings account—but you lose tax benefits and control.

If I donated to aids health foundation and they spent the money on rent control instead of aids research or health care, I would be pissed.  

I'm sure there are many more experiences where the contractor hasn't fulfilled their scope of work and gotten away with rushing the project to meet the deadline, And, I don't want to be as naive to say that I'm that 1% who can have complete quality/operational control, but I'm confident I can establish a system and hire independent inspectors to review the contractor's work. 

Also control the thermostats so the tenants don't jack up the heat in the winter giving you a massive bill.

Cannot control association fees3.

Because if I'm trapped going larger than $5M in the future, I'd probably look for something smaller that I can control now rather than always having to use it in a syndication

And given #3 above, it leaves about 20% of rent for all other expenses like property tax, insurance and other PM expenses like leasing fee, eviction fee and other minor expenses like for e.g landscaping, pest control etc.

How much “control” are you willing to give up?