If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Our current president is supposedly floating a policy idea of rent control to no more than 5% annually. 

Here’s a quick breakdown based on my experience:Building new construction gives you full control over the design and materials, allowing you to incorporate the latest energy-efficient systems.

I would say best case is that given political climate, those in control of economic directions take a step back from all political influence as it poses a no-win scenario, and heavily relies upon guidance, direction and leadership from economic/finance professionals to a degree much more significant degree than prior.

And folks like me will be more valuable to them IE we provide the capital so they can wholetail or control Inventory like Don used to do..

Also in general the midwest is much more landlord-favoring so there's more control for you here as well.

If you bring in temps, they will take cash off the side, unless you move to card readers for everything and cash controls.7.

Make sure there are not any rent control laws that limit how much you can increase rent and how much notice you need to give.

Below is a comparison of average annual property insurance and property taxes for 5 states:Texas: average insurance: $2,536, property tax percentage of value: 1.68%New York: average insurance: $1,418, property tax percentage of value: 1.40%California: average insurance: $1,839, property tax percentage of value: 0.75%Nevada: average insurance: $1,144, property tax percentage of value: 0.59%Florida: average insurance: $2,207, property tax percentage of value: .91%To put these costs into perspective, below is a comparison of the annual cost for a $400,000 property.Texas: $2,536 + 1.68% x $400,000 ≈ $9,256New York: $1,418 + 1.40% x $400,000 ≈ $7,018California: $1,839 + .75% x $400,000 ≈ $4,839Nevada: $1,144 + .59% x $400,000 ≈ $3,504Florida: $2,207 + .91% x $400,000 ≈ $5,847Sources: Homeowners insurance, state average property taxesIndirect costs: Rent control is a hidden tax that may limit your ability to select the best tenant, remove a non-performing tenant, and increase rents enough to compensate for inflation.

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