If you have properties in a normal area with reasonable landlord-tenant laws, and you have to evict someone, it isn't going to bankrupt you.

He interviewed us for about 2 hours about our strategies & a week later we received an 8-10 page dissertation detailing everything we were doing wrong & how we were going to go bankrupt.

Many of my high paid colleagues tried it and failed, bankrupt. 

If they go bankrupt you have to get in line with all the other creditors to get pennies on the dollar back.

But you went bankrupt and about a year later you're financially free.

Do you go bankrupt; downsize your house; downsize your car; not go on vacation for 5 years; no college fund for your kids; etc.  

If some "advice" on here that you can't make money in California or that D rentals will bankrupt you makes you sad and discouraged, then that's probably a good thing.

also i've mentioned in that Ashcroft thread, that some of the bridge-loan lenders have intentionally created conditions where they approve the loan so they can bankrupt the GP/LP syndication for cheaper assets to acquire.

What about investors who form LLC's and then Bankrupt them in order not to pay contractors . 

But you can also go bankrupt fairly quickly as most of the doctors were doing, while their property managers embezzled the money coming from their multifamily properties in the 50+ multifamily deals in Dallas walked in 2009 and 2010.With multifamily, you're simply dealing with bigger numbers...and the numbers can be positive or negative!