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.

Even offering list price with an escalation clause, I have lost out on many properties, in many cases to all-cash buyers.

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

(actually we lost count... lol). 

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

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.

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.

Thus, in order to make up ground lost to compounding, you have to take bigger risks or be satisfied with smaller returns.

Should something happen even out of your control the "What if factor" and you miss any payment on any debt on credit.