Are the two mutually exclusive?

So if you’re doing a by the room house hack, you would only be able to depreciate the area that is exclusively occupied by the tenant.

As far as staying away from "South Tucson",  I think the concept is being promoted by investors who are actually already in that area, trying to do business exclusively.

To be clear, in most states, any "Management" Company, works exclusively at the direction of the Board, and has no authority to make actual decisions on major issues like budgeting and monthly fees.Check for a local chapter of Community Association Institute, and review their resources for Boards and Owners.

Perhaps ask them if they have some form of liability exclusion that pertains to snow blowers specifically. 

However, if approved, it would increase cash flow to ~5000/month, increase appraised value, and allow me to manage exclusively one bedroom apartments - which I strongly prefer to manage over multiple bedroom. 

@Samantha P.Oh, if you are house hacking, you lose the section 201 exclusion of the $250k single / $500k married capital gains tax exclusion. 

Without know the type of policy, exclusions, endorsements etc. none of us can give you an answer on whether or not you have coverage.

Sec 121 cap gains exclusion after 24 months, then invest however you like!

We started off with condos but now do almost exclusively multi families.