If you own rentals in a tax defered account you have to have a check book control account.  

Secondly, the rent control issue in Los Angeles.

With the property under my control, I would look for ways of improving the cash flow (renegotiated terms with the property manager, or new property manager, increased rents, etc.) but I don't anticipate being able to do better than break even in the short to mid term.  

You want to control everything, own nothing.As you noted, transfer of title will not protect you against financial situations.As to the question asked in the title of your post, quit claim deeds are used everyday for many reasons.

Lawn care, trash, pest control ..Property management ?

While it's possible, if you've never organized the "dance of the renovation" before, and you're not there, and you have a controlling personality...That's a recipe for chaos.Just one lady's opinion.I wish you well.Stephanie

Bryan Pham check with Dmitriy Fomichenko for details as I did the same thing several years ago and have been very happy with his process and that I am in Total Control.

Try to stay in control of everything you are responsible for.  

I have the option of using an online brokerage account like fidelity which will have checkbook control and the ability to invest in stocks and mutual funds along with a loan option.

It sounds like you maybe using a marketing company  which is just repping a rental fix and flipper.what I have come to realize in the rental game.. one turnkey is a moniker.. there are two schools of thought about what @Tom Ott describes above... many of the Aussie companies thought the same thing but the turn key companies were controlling everything and hiding issues since they controlled it all..