If you're only doing a couple or so transactions per year probably ok.On the other hand, you can have more control and eliminate the need to go through a custodian for investments by the use of checkbook IRA or Solo 401k.

Obviously if your portfolio is smaller you should spend less.

I have been reading many books on finances, rentals, and real estate and feel this is an area I can have more "control" over my investment rather than placing it all in my 401k and hoping for the best. 

It allows for passive returns with increased control and diversification.

Reduction in government spending by 80%. 

A renovation company that has already completed over 350 renovations for us will quickly do whatever touchups/repairs are necessary so we can get the property back on the market.Use electronics to control access and reduce turnover time.

Nore the rent control bullet is CA specific and I do not know how ADUs affect rent control in other jurisdictions. 

In the latter I would much rather have my money and be in control. 

With proactive communication, they will demonstrate they are in control, and you can rest easy.Start by going to www.narpm.org to search their directory of managers.

There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.