Between 2000 and 2015, year on year, the median for average household income growth was a whooping -0.28% while the median for average home price growth was by 5.34% -- this is countrywide.If there continues to be a prolonged mismatch between wage growth and home prices, that won't be the last. 

If you can cash flow, you need to think of the vacancies and the fact that they could be prolonged.

Unfortunately, things can change on a good block in a matter of months if there happen to be prolonged vacancies or a burnout. 

I agree SFH are more risky for investors based on your two points, but we are in a prolonged SFH shortage, and homes are the gold standard of rentals so only the best creditworthy people should be renting them. 

So the minute they don't pay rent, shut down any access to sending electronically to you or accepting any partial payments unless you get in writing a committment (date with signature) when they will pay the balance, otherwise don't waste one day in accepting excuses because they are just taking you down a rabbit hole and prolonging their stay.

And because they extended the closing for you it prolonged their inherit risk of holding a vacant house.

Evictions can take a long time, so prolong it as much as you can.

If we go into a tailspin it doesn't bide well for other countries and might hit a global recession.Most investment cycles go about 10 years but tax policies juiced out further a prolonged expansion.

Once the dust starts to settle with the prolonged loss of revenue, drop in stock market valuations, rate fluctuations etc., I think we will start to see the real damage that will likely take years to rebuild from. 

It has prolonged the eviction process and added some cost.