With a SFH you have higher expenses, lower cash flow and much higher risk having all your eggs in one basket.

When they realize that they will loose the roof over their head the rent suddenly moves ahead of other bills such as car, groceries, cell phone, weed, beer, cigarettes, lottery, new purse etc.....The ones that really can't come up with the money, well tough.

They are Section 8, and 100% of their rent is subsidized by the city so I'm at least getting paid, however both the husband and wife have had their cell phones disconnected and are not responding to messages.

If the property is very low rent, i would possibly increase that to 4x, just because some costs of living are not linear with income (think cell phone bills, they are basically the same for poor and rich people).

As the old saying goes, it is best not to put all your eggs in one basket...

I used to keep an excel spreadsheet with all that info.I used colors and cells to denote the metrics.I also had a column with the dates of each call and a section with notes.Obviously there are a LOT better ways to do that, but  yeah.. imagine that, that is how I used to get by!

Send me a private message and I’d be happy to give you my cell # and email address (BP won’t let me post it here in the forums).

Sooner or later solar cells will become efficient enough to make nuclear power obsolete except in space exploration.

@Nathaniel Harris,This is a classic chicken and the egg thing. 

I messaged you with my cell number and email.