I have nicely asked the PM on several occasions to be more proactive about updating me with the tenant when they fell behind on payments or when I did not receive my owner's draw on time.

I have on two recent occasions come across HOA CCR's that are so Draconian in nature, that if faithfully observed, completely block househacking as a strategy.

The second breach of lease in the 12-month period you have the option to serve a 5-day curable notice or a 14-day non-curable notice stating they have to move out.On a lease greater than 12-months, you need to provide a 30-day notice to pay or quit, and if memory serves me correctly, you have to do this every time rather than being able to serve the 14-day on the second failure to pay as stated above.If you are using the Wisconsin Legal Blank lease, you will need to add language manually to accommodate for the ability to serve 5-day notices on leases greater than 12-months. 

Lets just say he asked for my agent's fax number on several occasions.

This might have opened dialogue to let me know there was a high-risk dog there that charged the neighbor on multiple occasions.

Pre-foreclosure (especially pre divorce about to be bankrupt hoping to save somewhat of a credit rating just need to sell this thing) is where the real good deals pop up on occasion.

Most lenders will only grant extensions on 2 occasions (usually you don't get more than a total of a 6 months extension from maturity). 

If you don't have all the blanks completed it is hard to analyze the numbers.  

However, you can also make it plenty landlord-friendly just by filling the blanks in the right way.

NW GA REA and PM - Molly Schultz Training - Kevin Paffrath / MeetKevin - Podcast #357 - his upbeat, earnest personality got me interested in RE, and his REI course helped me gain a foundation for basic REI concepts, which in turn, lead me here to BiggerPocketsBP, of course - "all y'all", as we say down South  :)@Brandon Turner - Podcast #(fill in the blank... he's done a bunch) - the man, the myth, the legendary beard@David Greene - Podcast #327 - the BRRRR-ista Extraordinaire