It has been somewhat of a pain at times when the tenants don't lock the kayaks back up and they go floating away or missing. 

Also generally less paperwork :) The only downside I have found to owner financing is that it can be a pain to get them to release the lien once you are done whereas its a standard process for banks.

Freddie Mac's matrix is a pain to find so I have that downloaded but same bit... 75%. 

If we do not find a better alternative we will need to change accounts to SDCCU (which has a good reputation (much better than Wells Fargo which has a terrible reputation), it is just a pain to switch).So we are trying to figure out our options ideally in the next few days because if we have to switch banks there is a fair amount of work (our Property payments are all automated: mortgage, water, trash, etc. as well as we have to get the new payment method to all of our tenants that use the direct deposit).We did consider Paypal but some of our tenants are not IT literate (even though they pay a lot for rent they do not have extra money for smart phones or PCs).I will talk to my property management partners about the option of not switching banks and requiring the tenants to send money orders to the PO box. 

You must make yourself a royal pain in the butt to force them to do their job.

My understanding is leases are state specific and PA in particular has certain requirements.  

Painful Eviction process.

I have over a hundred rentals in El Paso and feel your pain.  

My unit is a 2BR/1BA 800 square foot unit, am I setting myself up for significant pain in the future?

If they are a pain and you want them out asap, you can offer the deposit back to get out.