Usually it is morally bankrupt people who have good income with terrible credit.Just my 2 cents based on my experience.

I doubt the companies you mentioned above (both good) probably would not go to that extent, but they could.I have had borrowers or lenders (buyers and sellers) die, get divorced, go bankrupt, default under every loan provision, become incapacitated and even go to prison!

Let the start-up PM's who get all in aww over a portfolio run themself bankrupt trying to service Mein Fueler, because you know that's what's going to happen. 

Having worked in commercial real estate for nearly 20 years, and knowing many people that have been at it for 30+ years:1) no one ever goes bankrupt with no debt2) Most everyone I know in their mid-50s or older, that have built large portfolios (with debt, admittedly), seem to move from acquisition mode to debt pay down mode.

I almost went bankrupt my first year investing due to contractor fraud and literally had to move into one of my flips and watch YouTube videos to finish it myself to generate enough money to finish the next project and so on. 

I have seen a lotta good guys go bankrupt in this biz ownig rentals.

The investor will thank you for all of your time while you are going bankrupt. 

Run a credit check, and if you want to rent at $650, rent between $725 and $750",One of them went on to say "The quality of your property is the quality of your tenate", I feel a little less than satisfied, as I know of one who had 6 rentals, and his horror story was people stripped everything out of the properties, and ultimately caused him to go bankrupt!

Hello all,

I am a new investor wanting to get rental properties in the Detroit market. During my research on finding properties, the news breaks that Detroit is filing for bankruptcy. I'm basically looking for advice...

So, you could have a fire in your building, management company could go bankrupt or be corrupt, could change hands and be less responsive, market could have a significant downturn due to job loss or other reason, hyperinflation could make your asset next to worthless or you cash strapped, zoning could change, things around you could be built that lower your value yada yada.