Utilities charge a fee to maintain or just to have And can cost more then your normal electric bill(if you don’t believe this you need to talk to more people who have it, could be different in different areas)The utility companies would go bankrupt otherwise. 5.

Is there a long line of bankrupt landlords that I have never heard about?

Add in late fee or discount for prompt payment whatver works best for your local area.But this depends what the bankruptcy is ...it's scary how a medical emergency can bankrupt so many people in this country.

I just knew when I told her the price that she would throat punch me, but believe it or not, once I told her the numbers and my plan for financing it, she was on board again, last thing she told me was to not bankrupt us. 

@Christopher SmithMark to market in California would bankrupt all RE investors there. 

Similarly the guy who gets his butt sued off might go find a different friend group because he does not want to tell everyone how bankrupt he is.

Banking on Appreciation doesn’t help much paying the bills and in an economic downturn  has caused many many investors to go bankrupt .

@Logan Freeman I've dipped my toe into commercial Brrrrs recently and I'd say more people don't do it for a few good reasons. 1) The monetary amounts involved are generally very large. 2) There aren't great lending alternatives unless you're doing a stabilized multi-family 3) People spend their entire professional career in some of these areas so it's a bit difficult for a new-comer to enter. 4) You can sometimes wait 2-3 years between tenants 5) There are underlying things going on with each market to learn, and monitor.A couple examples. 1) The mall in my town went bankrupt and was for sale for a very low price towards the tail end of the recession.

I have done 4-5 Lease Purchases in my career, but never a VA, and have never had any issues.Some of the risks we have been discussing is what happens if he goes Bankrupt, gets a judgment against him, or possibly passes away. 

I suggested using the equity to buy another place, but my dad was convinced that's how you get in over your head and end up bankrupt (I need my dad's much higher income to convince banks to work with me).