These type of investments are illiquid, long-term and completely out of your control. 

There is 10 acres of raw land for sale close by right now and I would love to own it, just to have it, control it, do what I want with it and pass it down to the family.

With the new rent control policies, there is zero incentive to lower rent as it may take years before you could recoup that with the minimal increases they allow. 

Interesting discussion about national rent control here- Why Rent Control and Housing Subsidies Backfire: James Burlinghttps://link.theepochtimes.com/mkt_app/epochtv/why-rent-control-and-housing-subsidies-backfire-james-burling-5732950?

If you own majority and are able to control hoa which comes with its own headache and not totally passive that can help .  

After that, they have and control your money. 

We are experiencing fantastic appreciation here, but most investors want cash flow or both and this isn't the right market for that if you are new(er).I am a full time Realtor® and investor in this area so I would be happy to help navigate this with you if you need some help.

It sounds like you’ve made some great financial moves with stable income and savings.You mentioned that you’re focused on multi-family, which can be a fantastic investment, especially if you’re considering house hacking.

Good morning everyone and I hope your day is going fantastic!

Great acquisitions, they look fantastic