Get a lockable controller and set it and lock it, so tenants don't turn it off. 

No control over management. 

Rentals can also have risks, but they are all under your control ….

Even though it’s rent controlled, we don’t feel the level of tenant entitlement is as high as A or B areas.

You're signing up for an absolute meat grinder of a job with the hope that you can someday stabilize it and build something that could be put on cruise control or sold.As for tactical advice, tap into your network and alumni network.

I will be injecting new funds every year.Full Control: I enjoy analyzing deals and prefer to have full control over my investments, so syndication is not an option.Given that I'm a complete newbie in real estate, I would greatly appreciate your advice on the following:Selection Criteria: What factors should I prioritize when choosing properties?

That's the only control you have, so do not waste it.

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

What I have learned very quickly owning these properties is that you can make these work on paper to convert them into rentals when you do your analysis today, but HOA increases are unexpected and completely out of your control.

Airbnb CAN do this for you, but I recommend Hospitable which is much easier3) I like Pricelabs for dynamic pricing, but worry about this in month 2.  4) don't fret over bad guests, rather focus on all the things in your control that would discourage them.