I stopped buying sfh's as long term rentals here in illinois.

After more than a decade I have stopped BRRRR-ing a couple of years ago when the market started going nuts.

No, wait, stop!

The bidding started at $1500 and two bidders were competing with each other as the price exceeded $5k.The auction was being run by a law firm, and once the bidding exceeded $5k, the auctioneer stopped the auction and told both bidders "You're bidding on the mobile home and not the lot. 

I had a few houses that lost about 30k in equity overnight in the area (had been considering selling to do a 1031 into some new builds, but that turned into a less attractive idea after the equity drop).

The tenant base is generally 95% single women with 2 to 5 kids and they flat destroy houses, Not on purpose  most of the time but if you have children all below 10 years old they are just brutual on houses even in the best of situations of which single parent with multiple baby daddys is not the best of circumstances.. full stop.

I know that's hard to say since in real estate a lot can happen overnight.

@Spencer ManningYour other questions were answered except for last one.S8 vouchers are for a specific number of bedrooms and rent amounts.So, a S8 tenant must find a property with rent that does not exceed their voucher amount.This stops S8 tenants from renting Class A properties and most Class B.Currently, Fair Housing does NOT protect source of income, so unless a state or local government has passed a law stating otherwise, landlords do NOT have to accept S8 vouchers.

I have a MTR guest that has stop paying and refusing to leave even after I sent him a demand for payment or leave the property.

Unless those items are all satisfied (except for housing violations and some non-monetary liens which follow the property), the department of finance will not allow the deed to pass through to the next stop in the recording process.So even if you wanted to dump a property that was totally upside down with liens to someone who was willing to take it from you, you can't do it.