Residences and cars are not purchased in individuals names.  

Some people make 4x the rent but squander their income on eating out, drinking, car payments, etc.

Quote from @Joel Oh:  Yes, but you aren't selling a car.

So now I'm faced with the potential of loosing EVERYTHING job, house, car, wife...Finally I stopped focusing on what was wrong and focused on the solutions. 

Unfortunately  alot of the renters treat it like a rental car and leave it with significant depreciation.  

Second: writing off the full cost of a new car is badly overhyped.

Try for 2 car garage.  

MLS has it as a single family residence, 3 bedroom, 1.5 baths (actually has 2.5 baths), approx 1500+ sqft, 9k+ lot size, 2 car garage, back yard. 

Once you retire the title and place a mobile home on its own lot then our county taxes as real property and we pay property taxes like a stick built home vs a mobile home in a mobile home park which is taxed like a car - vehicle tag.4. 

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.