Quote from @Drew Sygit: All part of the plan for the 1% to control the other 99% by enslaving them to lifetime debt."

Inherited tenants are indeed a mixed bag, but I think it depends more on the asset class than you having control.

There are a lot of things that need to address for a PM company between compliance with the state, local rent control in a lot of your area you'll be covering, a lot of competition that is in your area, marketing/ads, and so much more. 

The edge is simple math and control: more doors per roof, easier to nudge NOI with small value adds, and multiple exits if one unit turns.

Quiet hours / noise control: Must comply with the county’s noise ordinance (example: exterior noise not continuously above specified decibel limits). 

Our electric is out of control here.

The key is balancing quick response times with control over unexpected expenses — having trusted vendors and clear communication upfront makes all the difference.

Someone else has control of the address3.

One thing to consider is the level of management and control/input into the work you want to have.

To be clear - once a property is sold, whether “subject to” or not, any lien holder or anyone with an enforceable lien against a property must formerly foreclose on the property to gain control.