Local Regulations: How do local landlord-tenant laws, rent control policies, or other regulations affect investment profitability?

If experience is the lone qualification, you can align with a good realtor and contractor and maintain far greater control along with benefiting from all of the upside.

Personally I’d go to Lowe’s and buy a set of machines that only has dials for controls, no electric, digital panel.

Just take what they have taught you to date and put your own team together dont rely on these companies that say they will plug you into their network.. it does not work that way. there is only so many contractors and so many props and jobs to get done. you need full control of your OWN team. 

Treat it as business relationship where it is mutually beneficial not just some guy you are trying to control and squeeze every bit of "what can you do for me" out of.

@Deshen TangDo you want to be in control and more active, or completely passive? 

It was a cluster of a problem getting one due to circumstances beyond my control but I finally found a good one.

@Saurabh Patel most important - take control of your property and the tenant!

If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

It’s an ideal approach if you’re focused on minimizing risk and maximizing control over your investment.