We don’t anticipate this happening however, you need to prepare for every scenario.we have agreed to purchase the property for the loan balance of say 200,000$ value, 375,000$ and she lives there for $350 a month.

It's a target number as we try to maintain a balanced portfolio. 

It's a difficult job balancing all the different priorities as a PM, so finding one who focuses on your priorities is a must.

I use rentspree credit check AND I get screen shots of bank balances AND 3 mo of bank account PDFS I comb through in detail. 

Just take the rewards and apply it to the card balance.

We saw lenders requiring a 30-day "pay balance in full" situation.

I don't mean the same as 2008 but in order to bring back some balance, prices must come down some.I appreciate your thought on house hacking, however, this isn't an option for my family. 

MF is commercial OVER 4 units from a lending perspective, since you are outside of conventional Fannie and Freddie lending products (until you get into over $1mm balance from the Small Balance program).  

Inventory - a balanced market is 5 to 7 months of inventory.

The balance, $540, is a personal expense that you can’t deduct."