If taxes and/or insurance are higher than what is typical (sounds like your problem) or if you have a high maintenance (like in my case) property then you will exceed 50%.In my case I plan to work up the rents accordingly and hope the tenants can withstand the increases.Are your rents as high as you can get them?

Working a 60 hour professional job while building a real estate portfolio was exhausting.

After that, your $1000 will probably be exhausted.  

What if two years from now they go up to the attic and notice an exhaust fan that terminated in the attic and not vented outside, or they wanted to add a receptacle somewhere and hired an electrician, and the electrician told them they can't and because the junction box has too many conductors in it and it exceeds the box fill capacity, so they have to pay to open the wall for a bigger, deeper box or piggy back another box...do they send you the bill too?

Again, this list is not exhaustive and by no means do these things mean you should not buy an investment.  

People should have enough cash reserves to take care of themselves and their family if they loose their job and should have reserves built into an investment to withstand negative cash flow for a period of time.

We spent several years being exhausted but it worked and now we are self-employed.

Here is a bit more exhaustive article from Barron's which sheds a little more light on this so-called expert! 

All of which can be accepted, modified, or completely rejected by a bankruptcy court judge if he finds its in the best interest of the majority of parties concerned not withstanding the agreement executed by the lender and borrower.

Nothing to do with standing.