The fact of the matter is: real estate is often a high-stakes endeavor, and the more advanced strategies (like BRRR'ing, wholesaling, flipping, out of state investing, etc.) can easily bankrupt a beginner when they're executed poorly.Now, having said all that, house hacking is not necessarily easy (if it were, everyone would do it!)...

(Oh so much sarcasm) Ya know, those same awesome freedom loving public servants at the Federal Government who brought you smashing hit's like "30T national debt", or "don't worry about your social security retirement because it's gonna be bankrupt". 

, the bankrupt owner filed claims for sinkhole damage on most of his houses.

They have a very large budget and can bankrupt almost anyone other than the big banks.

Tenant may improve property with special purpose development and then go bankrupt Tenant may go bankrupt before completing construction, possibly burdening property with mechanic lien claims leaving landlord with unsaleable and unleasable property.

Having an opinion based on one's experience does not make one 'morally bankrupt' as you say.

Lot's of counties there are putting huge property tax burdens on commercial properties.So even though a tenant is absolute NNN they are having to pay the high property taxes which can bankrupt their business model.

He could be writing off a bankrupt company.

Real estate investing is normally a very long slow process for most and will not replace your job for a very long time.Many choose real estate because it has the image of being fool proof, it is not as many investors do go bankrupt.

From what I heard, most people that held on to properties for cash flow survived, but the ones who bought multiple hoping for appreciation went bankrupt.