Keep in mind rent control is 1 thing, its a laws for existing tenants but some city's like Newark are so strict that you must get approval for what rent can be even after a tenant moves out and new ones move in. 

Change orders are going to happen, but by needing approval from you before they move forward, this allows you to control expenses better and/or make adjustments in the SOW so that you can stay on track and on budget.

In CA currently only MF properties are rent controlled.

@Earl White rent control and relocation costs equals NOT landlord friendly in my opinion.

Single family homes are exempt from rent control when privately owned.  

Quote from @Henry Clark: @Michael PlaksIf they want to stop money laundering and funding terrorism they can control the border.  

And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

If the stock market goes on a roller coaster ride you have no control.

SFHs are largely exempt from many regulations such as rent control.

First, what does your lease say about pest/rodent control?