Animal control has been called previously.

The bank has a lot of control. 

One can not convert a motel (c1) into multi without a rezoning, traffic, impact study by the City.

Cause he isn't getting 1c for this while in Republican control.

If you maintain 1st position lien, have a sound legal document protecting your interest, Insurances in place and due diligence on the borrower (& the asset), you would be in a much safer position than as a LP in a syndication or just plain investing into Stocks/Bonds/Mutual Funds/ETFs etc. that are completely out of your control and not something you have any risk mitigation against.

You can have controls placed on exterior repairs, renovations that up  a lot of time and money.

What about water/sewer, trash, lawn care, other shared utilities, pest control, and admin/professional fees?

This is nothing more than the asset performing, same as a stock going up in value or receiving dividends in a ROTH.If your Roth has checkbook control and is in an LLC the state may send you something saying that your LLC hasn't filed taxes.This happened to me.

Create a business, generate Earned Income & do a 401(k)-solo with check-book control.

There is no "rent control" on the properties, but you cannot raise the rent above the income level of the tenant.