If you have liquid reserves - say $10k +, and IF the property is in good, not average, not fair, but GOOD condition, and the property is not in a “war zone” and not in a declining area, and the property is not in a city where it is or can be subject to rent control, then you might have negotiated the deal most investors strive for but seldom achieve. 

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

This cap typically remains in effect unless there is a "change in ownership or control" or a qualifying improvement to the property, among other exceptions.

@John Underwoodhttps://www.amazon.com/Replacement-Control-Compatible-Magnavox-Westinghouse/dp/B087QBB7GJ/ref=asc_df_B087QBB7GJ/?

Electricity if you're doing climate control, temperature control, humidity control, you can get. 

@Alex RodgersGet the rent on my Bay Area SFH up to market rate, may do MTR one of the rooms (existing tenants are okay with this), raise rents on existing tenants in mult-unit (a little difficult since it's under rent control so for 2023 could raise it 3.6%), raise rent on existing tenant Class A Indianapolis home (still figuring out the amount, don't want to scare away a great tenant). 

Syndications are extremely risky investments where one has no control over their investment, no ability to liquidate their investment, no control, no title, and no way of verifying the investment promoter's claims. 

From my experience, it seems that's why it's hard to find dependable cleaning & property management for STRs because it's a higher volume of turnover of guests, and property owners can only pay so much for management/cleaning.IMO the bigger challenge is Quality Control at scale when it comes to cleaners.

It really comes down to the type of house and type of tenant...and the latter the PM does have some control over as they are the ones placing them in the rental).My PM also 'makes' money by charging the tenants $30 a month (might have increased) which they can opt out of.

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.