I was told by a lender that due to regulations with Fannie Mae and Freddie Mac, I cannot refinance on a property with a cash out until I’ve owned the property 6 months.

The narrative tying that together was complete rubbish, something about how a polsci major understands gov'ts, and mortgages are regulated by gov'ts, it was a joke.... but it got me into a house.Might be advantageous to find an independent mortgage broker local to where you are buying that works with multiple lenders.

CA just passed a Statewide Rent Control ordinance as part of their renter protection plan, Minneapolis is working on similar regulations.

I have property management in place so I wanted to open up the floor to any feedback, advise, etc from any seasoned landlords on how best to keep my property up and provide all while keeping a clean and safe environment for my tenants...Thanks in advance for any constructive feedback!

Just know the regulations in the area before you buy. 

@Wendy FateIf you do decide to dive into assisted living, then keep in mind it's really two things in one: buying (or renting real estate) and operating a regulated business.

Observe the regulations which are a part of this lease. 10.

At this point I require that I see it in print. ie, where is this regulation?

What you will find is California taxes and regulates all LLCs (even foreign) - some say heavily.   

How will you play with bank money , fixer-upper, cash flow , equity value transformation and market environment to snowball the profit ?