This allows you to control renovations and decide whether to self-manage on the back end.

Alternatively, some purchasers want to control the process in return for more certainty.For a non-delegated correspondent loan, the loan purchaser will get involved and direct all processing decisions.

Accounting System with "Control" ChecksSoftware to manage revenues, expenses, payroll, and taxes, etc., and ability to verify receipts and transactions (the verification is done by upper management to check and validate the revenues and expenses)4.

In a syndication you have low control and also limited liquidity. 

You will have to go there once to twice a week to make sure that trash doesn’t get out of control.

Plus, you'd have no control over the brand, size, or capacity of any of these units.First, I'd want to see quotes from reputable contractors.

Then I(we) control everything.I know there are details to work out, and I am still in the thinking/planning phase, while I continue to save money, but is this a conceivable plan?

I just fund land flippers that need to control the land .

Jersey City tends to fluctuate with rent control laws, right now they are more favorable for landlords then they have been in the past.   

If this is a single family, they are responsible for pest control.