It's in Hawthorne, CA, which I believe is not under LA rent control, however raising it more than 10% a year seems unreasonable. 

.- *Checkbook IRA:** Want even more control?

This way I will have a bit more control of the deal. 

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

In dealing with government agencies, you quickly learn why the budget is totally out of control.

They don't respect you, prevent you from ever leaving and prevent you from controlling your own credit card.This was a total trap.

Step the heck up and grab your destiny by the balls and take control. 

If you choose to have the on-site manager as an employee of your LLC, you gain direct control over their performance and alignment of interests, but you'll also shoulder management responsibilities and navigate legal and HR issues.

Other than that, my LTR properties are pretty hassle free. 50% of my rental properties are new constructions I built so I control the qualities. 

IMPORTANT:--Guest communications, including setting up your automated messages--Price adjustments (key into seasonal pricing and important events in your area)--Listing description and noting amenities--Guest reviews--Learning from experienced hosts with great reviews (you can do this on many social media sites, including the Facebook group, Short Term Rental, Long Term Wealth)UNIMPORTANT:--Watching your Ring Doorbell camera--Obsessing about minute details that other hosts are freaking out about--Being a control freak about ANYTHING related to this business.