-If someone does not pay the note, can you always automatically go into foreclosure mode and then essentially own the property in question?

Well when I enter the address it automatically reverts to the Canadian site.

I have never owned a rental property before and I am assuming this will also not play well to lenders as they might not automatically assume that I am a very responsible and capable real estate manager. 

But I personally would not just automatically put this on a tenant, part of the reason some people rent in the first place is to avoid these responsibilities. 

Three evictions in 17 years, rent collection is automatic via ACH, maintenance is always preventive so late night or emergency calls from tenants, etc.I have recently changed to having only one group showing a few weeks after the current tenant gives notice that they are moving out.

@Queen KeokaIf the MFR was granted then as the Mortgagee in succession you are relieved of the automatic stay.  

Talking to a few other property managers , if the property does not rent within a certain time , say 1 month , they should automatically reduce the price or any number of other things they could be doing to place a tenant.

There is a clause in the rider that states:"If you fail to give tenant a new lease, one will automatically be renewed under the same terms of the original lease for 2 years."

But that doesn't mean that its an automatic recall.

It was automatically set up when I first joined the company.