Sure- Idaho has state laws outlawing rent controls.

Yes, there are things that are out of your control, but my personal POV is the whole "I need an LLC" is a little overblown.  

This is bogus if buyer and seller are independent parties (if the parties are associated then I understand setting true value) as there is usually a reason for the discount purchase (risk items like unpermitted work, crazy low rents in rent controlled area, hoarder, heavy need of rehab, etc).  

The police & animal control are very little help because of a lack of resources... always good to see my tax dollars at work!

This November, California voters will decide on Proposition 33, which could repeal the Costa-Hawkins Rental Housing Act, expanding rent control options across the state.

I have seen too much of how bad of jobs contracts can do when left to their own devices.  

The only overages I will pay are when things pop up outside of anyone's control.

BRRRR is extremely difficult but you have lots of control. 

But hard for investors to control what they invest and how long can we get the money back so I won't invest more money with them. 

I just purchased my first Short Term rental and am looking into Smart Home Devices.