Losing control of the process matters. 

Most of the reason I got into RE is because I control the asset.

Why Part of a Good Deal is Better Than 100% of No DealHey BiggerPockets Community,As real estate investors, we all want the perfect deal—the one where we control everything, make the most money, and have the best terms.

It’s a short dead end road so I have this notion to own the whole street and control the look and quality of the neighborhood . 

In CA currently only MF properties are rent controlled.

Creative strategies like lease options allow investors to control properties without owning them upfront.

As a new investor, your best bet is to start small with an app like DealMachine or Propstream so you have direct control of your options.

vs. needing to get checkbook control set up?

I've had to file the claim for the property and I hope it isn't too big of a deal because stuff happens that is out of my control. 

The way I countered this (still not as good as buying a note with idle cash but I have checkbook control) is the money paid out from a note fund I invested in is at Axos bank.