I am a full-time employee in Healthcare IT, paying off debt, one income household and a homeowner.

While among the most overpriced in the nation, according to a study by Florida Atlantic University, its strong economy and household growth are on its side.New-home sales for the larger metro area have decreased 12.3% year over year to an annualized rate of 11,738 units in June.

Now that you understand my dependable passive income process steps (location > tenant pool > property), I will list my "hard pass" items.My hard pass items fall into the following categories:Desirability to your target tenant poolTo attract your target tenant pool, the property must meet a minimum set of tenant pool specific requirements.Type: Condo, high rise, single-family, etc.Configuration: For example, 2,000SF, two bedrooms, three-car garage, large back yard, single-story, two stories, etc.Location: Where the target tenant pool wants to live.Rent range: Usually about 1/3 of the median gross monthly household income for your target tenant pool segment.Any property that does not conform to all 4 of the above is eliminated from further consideration.

That upon enactment of this act and through June 30, 2022, no landlord shall terminate a residential tenancy, or take any action to obtain possession of a dwelling unit, for nonpayment of rent, if the eligible tenant has qualified for unemployment benefits or experienced a reduction in household income, incurred significant costs, or experienced other financial hardship during or due, directly or indirectly, to the coronavirus pandemic, except as follows: 1.

You are a two Dr household in Cleveland man, it don't get any more affordable than this.

In other cases, they could be household basics like soap, toothpaste or shampoo.StorageIf there is unused space in a basement or parking lot of the property, converting it to paid storage provides both a valuable service to residents and a potential way to generate a steady stream of non-rental income.

I put 20% of our combined household income in retirement accounts and then the stock market (and that includes our REI income).

If her income alone is not sufficient you then have the luxury of contributing to the household, if you so choose.  

Just under three people per household, total of 468k households.  

Either way, you'll be the bad guy and will lose, no matter the outcome.Whatever "special meaning" the house holds for these folks wasn't enough for them to keep up the tax payments.