However, the tenant just discovered that the "up" button on the control panel doesn't work.

They are also controlled by the government. 

I'm new to real-estate investing and I'm trying to understand the difference between the different forms of investingI want to play this RE game for the long-term and have the portfolio benefit from appreciation, depreciation, tax-free cashing-out, leverage using low interest rates, cashflow to cover the expenses.Here's my understanding of eachDirect RE- Full ownership / control of when to sell- Can leverage & deleverage as you want- Work involved to maintain property; But can hire a property manager to assist- Can provide cashflow to cover expenses + CoC return- Provides hard collateral / security for the money you put in- Tax benefits - depreciation, phantom appreciation, interest deduction Majority Partnership- Form partnership where you are majority owner with 2+ other people (with more capital input) - Can provide benefits of direct RE on controlSyndication- Passive investor / accredited - Less work- Access to commercial RE which you can't get otherwise- No security / collateral for your stake; Can loose everything- No different from investing in a business- Already leveraged returns; You don't control how asset is structured- Depreciation benefit passed through K1; But no benefit of 1031Crowdfunding- Low minimums- Already leveraged returns- Can be equity or debt based; Equity stake has some tax benefits through K1- No security / collateral and everything can disappear without recourseIs this correct? 

Do others see this and other measures like rent control as opportunities to invest as this may scare away other investors leaving more properties available?

I’m going to be 18 soon so I’ve been preparing myself with knowledge of real estate investing and what it’s gonna be lookin like I want to know from seasoned players in the game where I can start taking steps toward to make something happen soon or near future.

Another issue here is that the controls for heat and a/c or only located in my unit and the 3x2.I know this sounds messy but I have no doubt I will find a way to make it work.

Which is the way to go, pay less in taxes, and control yourself. 

@Jasmine Moore you need to put the property under contract at a price that represents a really great deal with ample time to do feasibility and due diligence.Once you have control of the property you will need to put together a detailed project deck to present to potential partners or investors.

Properly structured, even in a catastrophic loss they will still provide some shielding of your personal assets.Second, it provides tax advantages not otherwise available to an investor.The general approach is to "control everything, own nothing".

II feel Union City is the one with most advantages for its NY proximity, 3 Bedroom can easily be rented for $2K per month, however bnie mindful of rent control recently put into effect.