Spend your time looking for property analyzing them and buying them.

I may come across as a bit harsh here, but if you just bought the business didn't you analyze the rent and tax situation and incorporate it into your pro forma?

For a rehab I’m analyzing, I’m considering to move the furnace.

And then all of that data can be further broken down into its individual parts/history to be further analyzed.

I'm currently in the process of analyzing a property I've found.

As a partner I'll still have to call my GP to see how the investments are going, go to the property every now and then to see how its preforming, analyzing monthly rental statements or quarterly reports.

A friend of mine was doing it and it interested me so he taught me how to find and analyze deals and I’ve been hooked ever since!

I suppose even then, you'd consider syndication (assuming all deals are analyzed and vet'd) would be more worth my time?

Make sure your analyzing enough deals in the area until you get a good grasp of the market. 

Rent control is primarily a problem for people who buy without analyzing the properties and no plan to get the returns they expect, also if a tenant is paying mkt rent or a property is delivered vacant the new laws will have little impact on you.