The prices are whatever but the competitiveness is out of control...

For example, but not limited to, I was very interested in a recent webinar about multi-family property but "due to circumstances beyond my control" I was unable to attend, nor to view the content before it was not available. 

. - i.e. digital door locks, wifi controlled thermostats, ring camera on the exterior entrance.  

For strict rent control cities like Richmond CA, what’s the cap rate an investor should look for?

Always shoot for that win/win scenario but at the end of the day if you don't own the property (Or should I say control the property) you are giving up a very valuable aspect of real estate.

(I will test to see if I can get $540 per month more--it's likely but not certain.)Because this is a student market, I can be a bit more controlling than you can be with regular tenants. 

@Chris SeveneyThe Socialists use COVID and the like to pass legislation to weaken property rights and further their agenda of destroying private property and instituting state property ownership.In 1947 NYC, using the post war housing shortage as an excuse, instituted the “temporary” measure of rent control. 70+ years later the temporary measure, as well as a companion measure instituted in1971 is still in effect, with the effect of having provided a transfer of wealth from property owners to tenants.

I have a SFR rental in Las Vegas, NV that was recently transferred to me by quit claim deed from a parent. 

As a buyer, really don't have direct control over how your agent is compensated.As a seller, @ jonathan greene covered it pretty succinctly.

Moved out of my parents house into an apartment lease for 13 months at the age of 19.