Something in DC or major government employer would be more recession tolerant than a MFR next to an automaker plant after a round of layoffs.

If you have a tenant that is causing problems, not paying rent, etc that isn't the property class that is the landlord selection skills in my opinoin.The thing about B and A properties and higher income economy shifts affect those classes way more and those people generally downsize in tougher economic times and/or are some of the hardest hit in layoffs and company downsizing.Lastly I have a tenant in a class C-D property that has been ideal no drama what so ever, no late payments (over 5 days that is and always calls if it going to be later than the 1st).

However, the job became more difficult year by year - budget reductions, decision making, office politics, reorganizations, status reports, personnel reviews, layoffs, meetings, conference calls, outsourcing, etc. 

I don’t see the home appreciating too much as the markets just seem so high already and if there is a lay-off, we will not be able to leverage a high salary for more homes...So on one hand we will have a $395k rental property we have financed at 3.87 but lose $400 a month but yet have all that equity when paid off ...or we sell it for a small loss but then may not have the salary down the road to finance another $400k property.

Then a collapse will begin with widespread layoffs which will in turn affect housing.

(Fairfax County, Prince William, Loudoun) First there are a number of experienced investors at every auction who know the good stuff and will lay off the bad stuff. 

This is how I started out.If you are pushing loan to value ratios then yea, lay off the loans for a bit.

✓Verification of Seasonal IncomeVerify that the borrower has worked in the same job (or the same line of seasonal work) for the past two years.Confirm with the borrower’s employer that there is a reasonable expectation that the borrower will be rehired for the next season.For seasonal unemployment compensation, verify that it is appropriately documented, clearly associated with seasonal layoffs, expected to recur, and reported on the borrower’s signed federal income tax returns.

I'm sorry about the layoff. 

If you see some Eminent clouds on the horizon like a job lay off, then its ok to temporarily stop snowballing and keep building up your emergency funds.