Furthermore, you should explore checkbook control versus having the custodian make all the investments.  

The best way to find the next good market is to find the hot ones near you and go two towns out in each direction and see which one is progressing more.

Gov. mandates, laws, regulations, these are tools to control WHAT the product/service is, think safety focused. mandating no lead in toys, or fall-arrest gear for roofers, things like that, THAT is where it works. 

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

I quickly delisted as in that short time I had realized my town requires a license, but it sparked the possibility that this could be a great kickstart to my real estate dreams.

I'm not going to hold a tenant hostage or make them pay rent if they finished their work contract early and need to leave town.

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

Yes, I would contact the pest control company and demand they pay the cost of repairing this.

All the pest control companies I've called (Central MA) said they don't open sheetrock.

My office is North of the city in Old Town.