Basically Jay is saying you need to somehow get current in order to prevent the foreclosure.

It may actually prevent some bad vibes when it comes to doing business with family.I'm in the San Francisco Bay Area but I have have rentals in Cleveland and here in the Bay Area. 

If the HOA is defunct, not operating properly, is underfunded, or has any other issues, it can prevent financing challenges for future owners (read this affects your exit), and effects the quality of the overall property.

The don't want the tenant to leave, so not cooperating with you might prevent a vacancy for them.

If all goes to plan I'll collect until I'm 85, if my cancer gets worse I'll try to sell the note while I'm above ground to prevent my wife from having to deal with it.That's a long answer to a short question but NO, I don't consider 20% to be too low, depending on conditions.

What's preventing you from using a manager?

With the 3-day (here) notice they can reach out to homeless prevention programs which are well-funded and immediate.  

In addition you can not prevent outsiders from using the equipment.

I could arrange the meetings remotely but the main problem is that agents will for sure answer to either me or potential buyer with feedbacks like the following quoted ones are (i repeat again: those are assumed verbal feedbacks the RE agent or broker could say to me or to potential buyer - they would prevent the possibility of me coming in the middle of them): "I am not legally allowed to try to sell the RE for different price comparing to the price I clearly stated on our agency's website""There is no way I could mention your name to the potential buyer as owner of the RE if you are not.

Also some newer developments - for a brand new home - the contract may have language stating that the home cannot be sold for a period of time - this is to prevent too many investors selling too quickly thus impacting the integrity of the development.Therefore, yes you can sell it at anytime, however, it all depends on how you purchased it.