I have spent most of my career staying away from paper assets because I felt a lack of control.

Hi; when I first learned of lease options I remember reading that even US government programs used or provided financing for them.

In your case the PM take some liberties without control from your side I guess.

Are you going to be able to control such a system from a location far away?

So yes, I would use the threat of legal action - especially if it is in the city code - this makes people control the problem.

People are frustrated with stocks because they don't have much control, the same thing can be said for real estate too, you can't control the market ...but people can buy distressed properties with equity on the day of closing.You can't buy a stock at $10 if it's trading at $15 on the market currently.

I don't want to sell the house because i won't have as much control over who is living there.

Just because you might have 125% debt coverage and adequate collateral with good credit doesn't mean you have the ability to endless funding, lots of factors play in to the picture that are beyond your control. :)

Far too often people pay for education, whether it be guru programs or coaches only to never complete a single real estate transaction.

It can still go to the secondary market under applicable programs.