Condos are tricky because you don't control the expenses.

My question is does the bank only have control of the property and the "owner" still holds title?

You can use a custodial account or if you wish to have more control special purpose LLC can be utilized to gain checkbook control and minimize custodian fees and eliminate their involvement in the investment. 

Mike Where I have rentals deposits are controlled by local laws.  

Could this be the explanation for why 10% of the people control 70%+ of the wealth?  

We use in house handymen to control quality and cost and its not unusual.

We use in house handymen to control quality and cost and its not unusual.

For a variety of different reasons, it is expensive and cumbersome to develop in L.A. and this can be largely blamed on the fact that starting in the 1960's, much of the control over the building and planning process was delegated to individual communities.So, why isn't the state building like we used to?

My intention is to control the property to allow my architect to create the drawings/plans/proformas for  the highest & best use of the emerging neighborhood...

By searching out mispriced assets - Assets (property) that is being sold for less than what it's worth.Let's take a look at how our Sokcho Investors apply Intelligent Investing rules to Property #2.Original Asking Price: KRW 150,000,000After Negotiations: KRW 100,000,000 + 10,000,000 for all the furnitureKey Money deposit from new tenant: KRW 100,000,000Out of Pocket Price for our investor: KRW 10,000,000For KRW 10,000,000 our investors were able to get a room full of very nice furniture (in fact, one regret they had was leaving the nice furniture in there and not replacing it with sturdier, furniture) and control of an apartment in this building:Here's an important point to consider: The negotiation down to KRW 110,000,000 wasn't simply an arbitrary number to 'buy low' - but it was based on understanding the market and knowing what the current key money rate for the apartment was.