Keep me posted with any ventures you happen to find.

Did Rent Control INCREASE housing inventory? 

I’m trying to learn from operators who have experience acquiring or controlling small multifamily properties (15–25 units) in secondary markets, especially in cases where a traditional bank-first acquisition isn’t the cleanest path.Specifically, I’m curious about control-first approaches where the buyer/operator takes over operations first and aligns incentives with ownership before an eventual purchase or refinance.For those who’ve executed deals like this in the real world:What situations make this approach work best from the owner’s perspective?

Properties in rent controlled areas tend to have stronger appreciation due to the housing shortage caused by rent control 

So they’re willing to lose control and accept lower returns.

One member of the Joint Venture group needs to be the controlling vote, if the number of participants is an even number, so a final decisions can be made when there is disagreement. 

Instead, a first-position private note or short-term refinance against a nearly finished asset (low LTV, clear exit) tends to be cleaner and more controllable.3.

I have a 85 year old tenant in Los Angeles County under rent control he’s paying $850 on a $3200 apartment.

I’m keeping my W-2 for now and getting licensed to control my deals, but I’m open to building a business.

For family ventures we have utilized LLC's, however the best advice I can provide is make sure your operating agreements are clear for the good and the bad even with family.