In all honesty the vast majority of lawsuits are settled out of court by people who cannot sleep at night because of a case they might win, but the fear of going bankrupt or losing your life savings from a $10 million lawsuit makes them agree to pay the $400K or $500k settlement rather than risk losing millions. 

@Jeremy Willis - most of the salespeople / “coaches” at a recent one I went to either weren’t landlords or had failed, been foreclosed/bankrupted in the past.

Too many new tech is putting money into this BS area.I am so happy all these companies goes bankrupt, the latest going bankrupt is FTX exchange.

I'm pushing a lot of my financing over to life insurance companies because the banks are hard to deal with and there seems to be less renewal risk with insurance companies. lender is the one that would go bankrupt if they continue financing while asset valuation going down ( an increase of 1% cap rate is equal to asset valuation lowered by 8-12%). 

The rest go bankrupt, get divorced, and end up asking "would you like fries with that?"

Ray went all but bankrupt focusing on food service.

I had one just over 740 fico who had over $100k in revolving debt, and when I reviewed bank statement and income I noticed things didn't add up so i asked and applicant confirmed she was bankrupt, had been using 1 card to pay on another for months and was just about to file BK because there is no way could ever pay it off, but "don't worry, I will always pay rent, I won't pay the other bills but I'll pay rent" lol. 

Definitely, I just don't like debt that is permanent if that makes sense, If I don't want a property I can sell it. student loans on the other hand are forever they'll never go away even if you go bankrupt.

The funds never hit the landlord's account, and should the landlord ever go bankrupt the tenant's money is safe because it's in the tenant's name, after all.  

How can you justify making poor people max out their credit cards and walk them thru defrauding credit card companies and bankrupting themselves.