http://kuow.org/post/rent-control-illegal-seattle-...http://www.capitolhillseattle.com/2017/04/chair-of...Tenant Ownership can be a powerful tool to create, preserve and improve affordable housing.

ref=br_rsRent Control Oregon https://www.planetizen.com/node/88793/rent-control...

Animal control was called twice over a span of 2 months and our lease is very specific about being in breach by not containing her dogs.

If you want to 1031 that equity into a multifamily more local to you, in a market you are more familiar with and can maintain control over your investment, that's a different story.

Stay in control of what you are responsible for until you have developed some trust of your Team members or employees.  

That would give you much superior returns over paying a bunch of middle men, you would also then be assured that the rehab was done up to you quality standards, and finally it would hedge your investment to a large degree from any short term pricing volatility caused by a recession or other events outside of your control.

I know what you're thinking "expensive hobbies" but I found that with a little self control and some budgeting I can afford them pretty easily by sacrificing other non necessities, like cable or HBO etc, etc...

What sponsors really care about is being able to attract investors and control their deal without intervention from a marketplace.  

At that time I had worked in many places they owned and ended up as a Funding Control Officer who approved draws on all kinds of construction loans they offered.  

It can get out of control and taking it off if/when you need to repaint the exterior can be a nightmare.