Personally I would probably not invest in them unless I owned a majority share of the complex and could control the HOA.

You are still going to have a long of trimming/contouring of the plank to get a good fit....just not as precise if you have the quarter round going over the joint.....but then you have to spend time contouring the quarter round to get good fit at each jointEither way you will be spending time with fine tuning the fit....no way around that.

Most of us are aware that Rent controls are a failed policy, reduces affordable housing and hurts the economy. 

You are not going to be able to control the other side; so, you will need to be able to control your own emotions.  

One of the dirty little secrets of this business is that a really good 4x24 belt sander, a random orbit sander, and an oscillating tool with a sanding pad offer are slower tools to work with, but they offer a lot more control over how much you take an original oak strip floor down on refinishing jobs.

I'm pretty sure I picked it up from Wendy Patton.It is simple, you buy (control) the property with a lease option. 

As far as your question on continuing to purchase more properties, if you're buying good properties that make sense from an investment perspective, your rent should net out most of your mortgage payment and help keep your DTI under control.

The property is located in Los Angeles where it's subject to rent control.

Be sure to polish up your 'negotiating skills' so you stay in control during these conversations!

I have told 2 guys in the past who had nice deals , lets do it , BUT  51% control goes to me , I call the shots .