Hi Michelle,A DSCR Loan may be a great option for your situation.

If you allow the PM to find and vet the tenant, I'd want a qualified reasons and/or background reports as to why the PM thinks this is your best tenant option.

A lot of manpower is lost.As we approach our busy section 8 season (for us April - July) I am looking for better ways (more affordable and efficient options to the investors bottom line) to plan for and execute the workload which may include hiring someone that has section 8 experience to handle our CHA inspections(and associated maintenance work) or a company that we can outsource when the weeks get slammed with inspections. 

Some people like Bethlehem, some like Lehigh Acres, some on Stroudsburg, there are a lot of options.

And since they're cheap, you can't use booking.com which is a significant source of leads.

If you are an individual looking for safer and consistent returns for your $$$, with 100% of the net profits returning to you, investing in a MIC might be an option. 

I am having second thoughts on whether condo is a good investment option or not. 

So while the rents should be getting $1100-$1200, if you submitted it cash flowing at $1200, but the rents come in "officially" at $900, then that is a HUGE difference in annualized return and likely the source of the leverage drop.

Lets say an excellent opportunity came up that I would have the option of purchasing, being heavily in debt, would you do it?

Eviction should be the last option, and it's crucial to understand the legal steps involved with help from a lawyer.