It will also help avoid issues like tenant lockouts a bit more however you may run into more technical issues than with a standard deadbolt.  

For example, on the standard lease form that my state's Association of Realtors puts out, there's an area to list any maintenance type items that the tenant is responsible for. 

Unit was a standard fix and flip.

.): "The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not troubled debt restructuring."

In my experience, Sec 8 is a good source of income as long as your tenants know the rules and are given a clean place if you give them a dirty place your setting the standard for them.

Again there is no standard right now and will likely get more difficult in the near turn.

Rental Property owners in standard SBA 7a programs are not eligible.The reason rental property owners are eligible is because disaster loan programs are run through the SBA for small businesses and home owners in crisis like hurricanes and economic crisis.

I intend to update it to rent standards (all cosmetic repairs I intend to do myself-wish me luck) and live in one bedroom while renting out the other two.

I don't think their are any standard penalties for such a violation.

This let’s you take advantage of standard residential loans (which is what I do).Also, what is your cost to creating and maintaining a LLC?