Consequently, you stand to lose some level of control. 

Remember you don't have to own a property to control it.

Some 7.5 million households will have lost their homes and nearly all of them have since become renters – many of single-family homes similar to the ones they owned previously: http://www.housingwire.com/articles/34369-moodys-analytics-single-family-rental-growth-will-accelerateApartment Market Strength Continues in Second Quarter With 5% Annual Effective Rent Growth and 95.2% OccupancyAnnual effective rent growth for United States apartments reached 5.0% for the first time in four years, according to early second quarter 2015 numbers from Axiometrics, the leader in apartment market and student housing research and analysis: http://www.digitaljournal.com/pr/2600931The 20 Hottest U.S.

Most states now have FREE mediation services.. the companies that offer this for money by and large do little and you just spent good money that could have gone toward your problems and end up in the same place.. most of these companies in fact have been put out of business by States AG 's since there were so many complaints and so many people lost their homes dispite hiring these companies..

MOST places require you to live there for one year unless there are changes beyond your control.

You lose direct control in these situations but if you get the right deal , you get your money out and working for you...

The ability to increase value in multifamily puts me in control of my investment.

Since rent control is illegal under IL state law nothing can change a landlords ability to do that. 

The crazy accelerated losses on your Schedule E are great for taxes in the interim, but it confuses the hell out of lending institutions that follow a traditional model of just assuming you lost a lot of money on these deals.

Anything over net 1x would mean you made money, and anything less than net 1x would mean you lost money.