That sounds very excessive.

As an heir or beneficiary, you'd be counting on excess equity over liquidation cost to see your legal share of distribution of the cash proceeds after cost of administration. 

There was a time where we had foreigners come and have a 3 day party with all excess that you can possibly imagine.

Robert, it depends on the time of year as to what a mortgage company does with the excess payments.

We just include water in the rent, estimated at an allowance of $40 per month (or whatever), and then have a clause that if there's excessive usage in one month bringing the average above that, we contact them and if it continues, they will be charged. 

I live in the land of South Florida where the worlds most shady contractors congregate.In the past 5 years, I've lost in excess of $50,000 to thieving builders and handymen.

Now bear in mind, the excess cash flow will NOT be able to be credited to your  income.  

Great rental area where you can pick up a 3/1 for $35-$45k and get rents in excess of $800.

More than 4x seems a bit excessive for a rental criteria.

However we are objectively near the end of an economic cycle where easy borrowing and excess liquidity has driven the prices of many things to near limits.