My goal would be to get that BRRRR "under control" during that period, see what I missed, lessons learned, etc., before I run off to the next one anyway...

I've been reading up on rent control and I see that according to new laws, I can only raise the rent up to 8% max to account for the 5% increase and inflation. 

As things are occurring now, the bank is being paid, so they have no interest in property seizure or foreclosure, as it is a performing note, so the FIL currently has the opportunity to conduct control of it in the same way a normal person would, which should allow him to pass this via normal methods (living trust for example) to heirs, provided the payments on the note have no interruption.Am I off on any of that?

California is a rent control state.

For me it has ti be first hand and un my control

Also in the broker relationship model one would be dependent on someone else vs trying to control their own destiny. 

If the virus is not controlled for a few more months, people will die, lives will be disrupted and the economy will be affected.

So the Idea is for Investor group to take control of property and Manage it.

Young people- doctors and nurses,etc.Have some respect and apologize for being part of the problem why this is so out of control right now.

Especially on new build (unless you are the developer and can really control the costs and get a great deal on land).