Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

In CA currently only MF properties are rent controlled.

I looked up launch control, batch leads, and a couple of others.

All the pest control companies I've called (Central MA) said they don't open sheetrock.

Accept whoever applies" is an idea that would cost you a bucket of money in the long run.Bankruptcy is usually a "no" unless it appears to be a one-time event caused by something out of their control such as a massive medical bill or a business failure. 

Furthermore, you should explore checkbook control versus having the custodian make all the investments.  

I come from the world of 100-500 unit properties where this was not the case and every property had it's own separate accounts that we controlled as the owners, but now having been owning and managing 1-80 unit properties for 4+ years, trust accounting is the best way to do it. 

They want to have tight control of which team is introduced to work with and do not allow sharing of info among members.

Pest Control: Owner handles big problems such as termites etc; tenants keep the place clean to avoid pests.9.

Not only will you save thousands of $$, you will have control over what is going on and avoid getting taken advantage of.