There is 10 acres of raw land for sale close by right now and I would love to own it, just to have it, control it, do what I want with it and pass it down to the family.

After that, they have and control your money. 

In 2017 I had zero debt, a good job and was leveraging my 401k… I have traded that philosophy to acquire large amounts of debt, no 401k or IRA contributions and now have the freedom to control my own financial destiny.Below are the steps I took to remove myself from my W-2 (and 30 years of working for someone else) and obtain a career as a real estate investor:Step 1 (Education): Read and listen to as many books and podcasts as possible.

These type of investments are illiquid, long-term and completely out of your control. 

I would try to network with other MTR landlords in the area to determine best course of action  Yea, I would agree that the rate wouldn't be on par as an MTR that is furnished, however I do remember from my renter days that the shorter duration leases were more expensive per month than the yearly leases. 

With the new rent control policies, there is zero incentive to lower rent as it may take years before you could recoup that with the minimal increases they allow. 

I need to investigate more about how to control a LLC or trust like you mentioned.

One of the primary issues is the impact of rent control policies.

So that was my first partnership, we bought houses and I controlled the whole process and I learned so much.

It is complicated because these investments are long-term, illiquid and completely out of your control.