I live in Los Angeles and, as most homeowners working in rent-controlled areas can relate to, having renters in a unit paying excessively low rent can be a pain.

They are not free but give you an extra layer of quality control and accountability.  

Family includes only your spouse, brothers and sisters, half brothers and half sisters, ancestors (parents, grandparents, etc.), and lineal descendants (children, grandchildren, etc.).Anyone under an arrangement that lets you use some other dwelling unit.Anyone at less than a fair rental price.

It used to be Cozy.co before the parent company of apartments.com purchased them.I would not waste money on security systems. 

You can try to calculate and control every variable factor and expense, but that is also how a lot of newer investors get caught in the analysis paralysis phase.

For some background information: I am 23, live at home with my parents, and have never bought a home.

Natural disasters, rent control, ordinances, against STR's, taxes etc all pose risk to investors in real estate.

If you’re concerned about owning and controlling the building, condos probably won’t ever be a good play for you.

Equity is typically split between GP and LP shares, with GPs having minority equity ownership but full control.

My parents live in Australia.