Sometimes both.Your HOA may cover pest control, but that's something to consider.Regular Maintenance - within the 1st year on a new build, you shouldn't pay for anything.

They probably prefer a more active control of their investment or are probably doing deals on their own. 

And since you control the phone number, if you need to change people its easy to simply change the login without having to issue new instructions to the tenants.

You have very little control over the use of the property, the HOA and costs, especially when it comes to capital expeditures and improvements. 

@Adaze Foltz  Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s). 

There are some non-financial reasons for having to buy a new construction that are out of my control, but I'm looking for advice in helping me decide the best route between 3 options (purchase will be all cash): Option 1: 3 bed/ 2.5 bath townhome in Wesley Chapel (near the lagoon). 

1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).

While RTR cannot control any one particular builder, market changes, interest rate changes, etc. we are certainly here to offer guidance and resources however needed.

However, be cautious as banks may still enforce the clause if they detect the transfer of control.

Yes, there is no telling on what happened behind closed doors regarding David and Rob leaving, but David expressed that he wanted to have more control on who they interviewed.