Considering the FED cannot really control interest rates and at best can control the short end of the curve it would seem to me that Jay Powell would be in a position where he cannot raise rates. 

It is crazy expensive here with no signs of slowing down (SD appreciates 6.94% per year on average which is higher than the majority of markets around the country).I personally like the idea of purchasing a low down payment personal residence as a first investment, that way you have more control of what happens.

This would allow us better margins and more control.

The loss of control at the expense of a GP enriching himself with fees and syndication expenses is a great deterrent vs individual investment.

sounds like the government just wants..... wait for it... more control. 

I believe that it is a great way to sort of ease into the industry and get my feet wet in a way that is more controlled and manageable. 

Athletes, Entrepreneurs and Philanthropists Visualize to WinIf you want to see a beautiful example of visualization, watch The Queen’s Gambit, the story of a young chess player who uses her visualization skills to win tournaments.The practice has been used for decades with Olympic and other leading athletes to improve performance and accomplish goals.

A multifamily investor may or may not be there but someone will likely know who the local players are

This is fine to a point, but no one can control mother nature, or where mother nature decides to toss a tree (on someone's fence, car, or 3 houses down). 

There is the chance that your tenants do not know their rights under CA rent control.