USA is 110% bankrupt, and has been for a very long time.

My crystal ball said to watch out for those crafty penguins on the Heard and McDonald Islands... their unfair trading practices will bankrupt your portfolio for sure...

I don't know the #'s off hand but I feel safe in saying L.A. would go bankrupt yr2 if not yr1.It's not remotely feasible.  

These sponsors could be found personally liable for the loss of this pref equity and could wind up personally bankrupt. 

Even if PS had 100% accuracy, it wouldn't matter.It is about whether or not these people are motivated and I promise you 99.9% of these people PS will feed you are NOT motivated.So you should be thankful you only have a 20% success rate getting contact info, because if they gave you 100% contact info you would go bankrupt MUCH faster sending all these people mailers.Nothing can target motivated sellers, NOTHING can.

The money market account appears to be insured for $500,000, but I don't expect Vanguard to go bankrupt in a month.

It's exactly the battle we have going on at Federal level, trying to do quazi-austerity actions and other actions to turn it all around before the debt and service on the debt bankrupts the nation and it all comes crashing down. 

Then abandon real estate completely because they’ve gone bankrupt and lost everything. 

This isn't my area of exerpertise either, but my father in law did go bankrupt some years ago getting into a market he was not familiar with.

If you have $400K in a bank account and make $1M a year, that differs from taking out a hard money loan and going bankrupt.