For example, let's say there was a major development on rent control, that would allow me to pivot and understand next steps.

I'll for sure need an architect and lawyer amongst other players.

You have complete control over everything.  

For example, San Jose updated the rent control ordinance June 17 of this year.What is the PM's philosophy in handling tenant relations? 

Or you could do a personal BRRRR, so you are the customer and control the customer response. 

My plan was to "self-perform" a land contract by filling out a purchase and sales agreement for a land contract that specifies I will take over the mortgage payments, get authorized on their mortgage, and be authorized essentially to fix up the property and eventually sell it on the MLS since the land contract will give me that control/equitable interest.

You're def right that a wrap or AITD can offer more protection to the seller than a subject-to deal, especially in terms of maintaining control over the mortgage.

That seemed a little more hands off and easier to control if you will.

. :)  but my equity share is controlled via debt or direct ownership. 

So many things that are out of my control.