Lesson: always make borrowers pay something monthly (even $1.00) so if they bail and stop paying, you don't have to wait until maturity to foreclose.The spouse of the borrower moved to a different state and filed Bankruptcy.

Everyday people die, people lose their jobs, people get sick, people get divorced, people file for bankruptcy etc.

In this case, if one of the tenants dies or declares bankruptcy, the full amount of the obligation falls to the other party.

@Shawn SchofieldI was also keep learning and researching target markets but just verify that your bankruptcy is going to fall off in October, check this from Experian: "Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe.

She has a discharged bankruptcy from her husband’s failed business 18 months ago. 

(btw Kiyosaki’s company just filed for bankruptcy).I personally find books about/from titans of industry way more interesting. 

Big concerns are bankruptcies/repossessions/evictions and crimes against people/property.

The bank doesn't want to loan on a property if 1/3 of your tenants are facing bankruptcy or closure or some other catastrophe.

They predict that the market hasn't gone down yet due to mortgage forbearance support, allowing landlords to defer mortgage payments rather than declaring bankruptcies.

I do not know about where you are buying, but from where I buy, they do a final check for clear title. e.g. did the owners file for bankruptcy the morning of the auction?