We had one similar to that around here, lake built, lots sold, not enough sales and the place went bankrupt.

So we investors can argue all day that the ROI is better with leverage, but hundreds and thousands of "investors" are flat broke right now and bankrupt because of leverage.

I would have for sure gone bankrupt.

Therefore, they won’t get bankrupt if they property doesn’t rent for a year, notwithstanding the fact that they might have bought a vacation property just for their own use.Finally, the article rightfully doesn’t mention that the Mexican healthcare is that bad.

And many of these factors are not what you would assume when looking at the stats.Also remember that the city of Harrisburg, where most of the touted "cash flowing" properties and turnkeys are located, went bankrupt a while ago and has never really recovered on a financial or services basis.

But if something goes wrong, then you could end up bankrupt.

Unless the country just goes bankrupt I sincerely doubt they would just end Section 8.

Yes if you get sued your business can be in jeopardy and may go bankrupt.

They are not suitable for California (here the state needs them either to be in the state and go through some solid financial background or to disclose to the consumer that if they go bankrupt the state will not cover them).

If the limited partnership/LLC raise capital through financing, and the LLC bankrupt, do investor (LP) have to pay the liability and does LLC bankarupcy affect investors' personal credit score?