., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).

Interesting discussion about national rent control here- Why Rent Control and Housing Subsidies Backfire: James Burlinghttps://link.theepochtimes.com/mkt_app/epochtv/why-rent-control-and-housing-subsidies-backfire-james-burling-5732950?

Many of them struggle to relinquish control and delegate tasks to specialists who are better suited for those specific jobs.

I would also be concerned with land rent going up over time, and having no control over that.  

Quote from @Gregory Wilson: This depends on what level of control you can exercise over the W-2 employer.

You may not occupy your apartment without electric service except during brief interruptions beyond your control.

Networking through local meetups or REIAs can connect you with experienced investors and potential mentors.With your REITs as a passive foundation, physical properties could give you more leverage and control.

I know there is all this talk about the Olympics coming but on a practical basis that has no effect on you unless you do STR, which you typically can't in a rent controlled property.3.

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)

Understand Proposition 13 for property tax benefits, local transfer taxes, and strict tenant and rent control laws.