RENT CONTROL - Every area of the country with rent control has problems with affordable housing for a variety of reasons. 

If you are getting a loan from one entity, you do not really need to be discussing it with a syndication attorney but any loan docs and agreements you should have an attorney review.The people who would need the attorney are the people forming the LLC as they are each pooling funds and would need to determine who is in control of the entity, what if someone wants out of that entity etc.

Thank you, These fees arent out of the ordinary for what I typically see in my market - do keep in mind that the $2k in fees are outside of the realtors control and are charged by your closing company, she is likely estimating these amounts with what they typically see in the area.

You have to worry about the HOA board controlling this timeline as well.I am not trying to scare you into selling by the way.

Has anyone indicated that the 2 existing units are rent controlled?  

Just wondering if anyone has experience with having ceiling fans that operation on a remote control (with a master wall switch) in any of their rentals.

While a business owner's job is primarily to focus on revenue, you also have to make a basic effort to control expenses and keep things from eating up 1,2,3,4% or more of gross income.

You don’t want to get caught below market when your city/state decides to implement rent control mid-lease and trap you below market forever. 4) I’ve never raised rent less than $25 (already at or above market.) or $50-100 (5%) if even slightly below market.

You can't always get someone out immediately to fix things-you need to call right away (as soon as they open), but the rest is often out of your control and waiting 1-2 days for a non-essential appliance isn't the end of the world. 

Remember you don't have to own a property to control it.