How do other regular condos perform versus them? 

They're the ones working with those agencies on a regular basis and have the best referrals.As far as recovering the debt, try leveling with the tenant as much as possible so they grasp the seriousness of being sent to collections.

In Chicago it regularly dips below 32.

There are still tons of MLS deals getting done regularly. 

I'm in Ohio and we see those lower loan amounts pretty regularly. 

For regular tenants and/or section 8 tenants.

If you are organized enough to forsee hang ups and talk with your GC about potential challenges on a regular basis, two brains are better than one.

Trade some comfort for financial stability.Part of attaining financial success is being simultaneously optimistic and paranoid. 

Investment returns automatically deposited on a regular basis.

I can also allow a tenant to grow with me - just moved a family from a two bedroom to a three bedroom apartment.Personally the only reasons I would choose to invest in multiple markets is a) because I wanted an excuse to go somewhere regularly or b) for economic/geographic diversity.I had the advantage that my home market was good.