Then in my short real estate career I personally saw two hot shots in our city went bankrupt.

Most of the people I know who sell mentorships in my market got lucky with timing in 2020 and 2021, lost everything in 2023 and now sell mentorships because they are broke and bankrupt. 

It's a trope for athletes, musicians and lottery winners to end up bankrupt shortly after they come into money for a reason. 

I do have a cheap property and a plan that is completely affordable and won't bankrupt me if I have a bunch of growing pains.

It's finances are beyond bankrupt, so the coming property tax increases will hammer your revenues and your asset values.Then there's the general difficulties of managing from afar.

The LLC can be bankrupt even if the company that sold the investment lives on. 

I'm a GC as well and #1 thing to do is not underbid, you have to cover labor, materials and company overhead in your bid, and underbidding to win a job will cause you to go bankrupt.

Many went months if not years without bookings and had to go bankrupt. 

It bankrupt a lot of people. 

I don't buy it that if peoples expenses went up $100 a month that there whole life would implode and they'd be bankrupt and facing foreclosure.