Effectively no, otherwise everyone would do it and there would be no rent controlled buildings.If the property becomes vacant there are scenarios you can remove it from rent control. 

It frustrates me when people say, "there are no good deals" or, "can you send me a good deal" but never define it. - What price point can you afford?

U want to google insurance companies who place their clients that have had fires etc.thats what I do for the last 5 years.. top quality tenants no need for PM .. backed by insurance.my unit normal rent about 2k we get double that.. ours is  townhouse Gated prime area of Summerlin.. not all areas are great in Vegas the closer to the strip the grungier it gets.

Quote from @Treza Edwards: No-my tenants pay that 100%You said your tenant's pay utilities 100%, BUT are any utilities provided by the municipality?

Let's say in year one, all interest expense and no principal paydown. 

If you are not finding good deals money wont find you.If you earn a decent wage and are credit worthy you can start investing by house hacking a multi family with a low down payment mortgage.If you have no money or credit your best best is start finding deals and bringing them to other investors who have money.

They are requesting to go month to month at the end of the lease term, I am okay with allowing them to do so with a slight increase in the monthly rent (My current lease does have an automatic renewal clause that would be month to month if no termination notice is received by end of the lease term, I just need an addendum to increase the rent amount).

Long term financing with Mid-Florida Credit Union, with 6% interest, a 1-year IO period, and no prepayment penalty.

I already have some equity in the property after doing a complete rehab but I don't want to diminish my returns selling it after one year, paying for commissions/closing costs.

the 6 week bootcamp was NO BS whatsoever.