That could (again, potentially, based on the deal you find) just be a cost you consider - the cost of doing business.Also, I don't think you should try to buy sooner because of what interest rates might do - that's outside of your control, and no one knows what is going to happen. 

If you have some time early next week I would like to grab some tea/coffee and chat about my venture in Georgia market.

Areas like Los Angeles and San Francisco have rent control where it might require you to pay relocation fees.I have never heard of being forced to provide a month free. 

However so many people I see also use super cheap PMs and this can make a difference when things get out of control. 

ValuePenguin is a good source for the relative cost of insurance by state.Operational Costs - Costs like property taxes, insurance cost, state income taxes, regulatory costs (ex: time and cost to evict), inspections, rent control, etc., have a tremendous impact on your return.

Once a tenant leaves, the rent-controlled unit becomes free market.

For some reason this thought has been keeping me from really pursuing this, as I am used to having full control.

Hello,We have been brainstorming on what to do for our first Real Estate Investing venture.

With a multi-head mini-split, each room can be individually controlled.

Hi Vince,Without saying yeah or nay.If you do it, you take control of it 100% and let the renter pay you in advance of the work being done.Think where it will best go.