Unless, we have some other financial catastrophe (created by the US as the last one) or based on Geo-political upheavals that we help cause, but ultimately don't control.

With rental property, the delays and fees associated with each expense payment can be a barrier.A self-directed IRA LLC will provide you with checkbook control.  

Because you have complete control without someone meddling in your decisions.

Never once had one redeem in all the years..Not to say there Is not a first time for everything :)of course if you can get the release pre sale this could be a benefit in two ways for the note buyer.One it could produce 3p bidders that would buy the note and if the OP bought it at a significant discount this could be a nice quick flip.. but if the sole intention is to gain control of the asset one MAY be wise to keep the IRS lien in place to scare off other bidders and risk the redemption that in all likelihood will never happen..  

The biggest concern of mine is having cost get out of control.

The proper way to exterminate for termites is this purchase the chemical termidor Sc control from your local extermination store.Termidor SC Termite Control works better and faster than termite bait stations, and unlike many termiticides, it does not leave unpleasant odor.

Or control it and still get money now and later.

IMO, ownership of any entity is ownership of the assets of that entity, I'd want to see that under FHA guidelines before assuming that they would allow someone to control ownership of a residence and claim they could not have used that residence.

Most cases require  the landlord to pay all utilities  which as you likely know we can't control how much a tenant  uses.  

The ability to do this easily and securely is also important.Finally, controlling all these two-way systems from anywhere in the world with internet access or a cell phone signal is a given, but control of all from ONE app has been the latest challenge.