It's time to take control.

The thing about RE that I like is my ability to control the individual deal.

I just buy in good locations and control what I can (forcing appreciation, managing and maintaining properties well).

Being a KC guy I help a lot of Californai people invest here in multifamily and they come here for cash flow, landlord friendly laws, tenant laws, no rent control, lower property taxes, protection from style of governing.Hope that helps! 

You lack control over the investment, regardless if the fitness center has windows or not.

Yes I do.I have a solo 401k Roth - no custodian requiredI have a self directed IRA with checkbook control - also a ROTH. 

Having been a PM in commercial construction for 15 years they do not control the acquisition cost or disposition cost.

But your tenants should ultimately know that you control their ability to remain in that unit, so if they become too difficult -  you just let them know at the end of their lease you will not be offering a renewal if things don't improve - whatever the issues may be.  

Rent Controls are to CONTROL, that is ALL, full-stop. 

If you do it right, the returns are better and you have control, meaning you can refi, sell or hold in the time frame you choose.