During the GFC, the Obama administration took control of these entities and they have since been 100% controlled by the government. 

If you are investing in a distant market there should be even greater reasoning behind the investment because you have less control and therefore even greater risk no matter what anybody tries telling you. 

The state doesn’t have rent control laws, but landlords are prohibited from collecting more than one month’s rent for security deposits.

It gives you better control over the process and helps you really understand the market.

There was also a part of that law that enacts rent control anywhere in the state, which may affect your plans.Make sure any changes you are proposing to the contract are compliant with the "new" New York State housing laws. 

“One of the scariest things that happen in the worst-case scenarios is people turn on people,” he said in one clip after listing a few such scenarios: a new, more-virulent pandemic; artificial intelligence run amok; nuclear war; or “the real war with China and Russia and cybertechnology and the Cold War.”RAD’s survivalist-camp business is in the process of gaining control of 20,000 acres of rural property across multiple sites nationwide, Mendenhall said in an interview last month with the financial blogger and stock picker Jim Woods on Woods’ podcast, Way of the Renaissance Man.But the bulk of the business’ holdings consists of residential real estate, filings show.

Rent control measures, burdensome employment regulations, and excessive administrative requirements exemplify this.

I'm not stating that it's inherently wrong, but aspects of it have gotten out of control.

I think from all my years around these investments where most investors get in trouble is they simply do not realize that once they made the investment they no longer have any control. 

query=garage#sear...If you can rent a 2 garage at $450 without spending ~$150k for a garage ADU conversion, no work/risk of the ADU conversion, the lower maintenance/capex, easier eviction, no rent control, less tenant interaction, it will not convert your SFR to rent control, etc, it seems superior to the garage ADU conversion.