Some sponsors are mitigating this risk by raising their own pref tranches from their own investor base, thereby giving them control over the terms.In a strong up market it’s likely that rent growth and strong demand will drive up income, thus driving up value, which supports the ability to take out the pref.  

Nice area of the city but the buyer will likely be inheriting rent controlled tenants.

In CA currently only MF properties are rent controlled.  

This is a common issue, but having stricter cost control measures or a contingency buffer in place could help on future projects.

Also it would be interesting to control for attributes such as 1) condo vs. fee simple and 2) modest vs. midrange vs. high priced homes.

Ultimately YOU need to be the one in control so YOU need to understand what's going on more and you need your agent to assist you with that.

Many people tend to think that the Federal Funds rate controls interest rates. 

Two codes of specialized paint for order control, not the regular Home Depot paint, were necessary.

How you buy/control them are.All deals are made up of two things: 1 - Cost to the buyer/REI (this is ONLY the cash they put in).2 - Terms of the deal. 

The emotional attachment to the idea of paying off my mortgage early still looms large in my brain though.