Even paying it late they're obviously making an attempt, which is 99% more than most tenants would do.

Not sure if price wise it's too late though.I also one who invests in the midwest and previously in the south.

Run the numbers make sure the return is what you want.

Just seems to reflect the reality of generally tight market conditions across most of the U.S. currently, tough to find higher returns.

Reading markets like Allentown, Pennsylvania, from what I’ve heard, have been quietly catching investors’ attention lately.

This will allow you separate business income and expenses from personal income and expenses.Since you plan to house hack your bookkeeping and tax return preparation will be more complicated because a percentage of your home expenses will be personal deductions and some will be business deductions.

Many late payments" is never grounds for eviction. 

For example, theirs is relatively less maintenance and comps are easier to find.If you're looking to maximize returns, typically SFH and multi family would yield better returns and wouldn't have the risk of HOA fees increasing.

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

It's still a good market for long term rentals but the returns are not what they were 10 years ago - but if you can get past overly optimistic suggested ROI, it's a really solid market.