This is why, more and more foreigners keep visiting and buying real estate in spite of this statistics.Now, should we bury our head in the sand and see life with rose-tinted glasses?

Get written proof of rent payments for the units, and you could try to get tenant estoppels.

For any property that looks interesting, I am sending the broker an email and if I don't get a response, sending an LOI and proof of funds to qualify my intent to purchase.

If they're not ok with that you've dodged a bullet.

@Andrew SmithYeah this one is a monster, I cannot wait to see all the proof of claims… then the lambasting they will get for the “you invested x $ in that company…..

Do not expect to get your money back.I just heard that some are forging Proof of Funds or using other people’s POF.

You have actual notice of the bankruptcy (and hopefully the bankruptcy case number) so your next step should be calling the Clerk’s office of the bankruptcy court to make sure you are on the creditor mailing list / requesting notice of anything filed in the case and— this is important— Confirming the Proof of Claim filing deadline and filing a claim in the case for whatever damages you have pursuant to the lease (with a copy of the lease) and any other supporting documents ASAP.By doing that, you can protect your ability to be paid out as an unsecured creditor with everyone else in that class (or perhaps a different class of creditors with a higher priority- not sure what your situation is so I can’t comment).  

With Apartments.com I can automate rent payments, have the security deposit paid, and have tenants upload their proof of renter’s insurance.Challenges of living with other roommates and renting by the room When living with roommates there are always challenges.

In general, you need to show that you are a reliable borrower with proof that you’ve had success in real estate before.

The only way to get an AirBnB license here in Chicago would be to show proof that you are living in the unit (i.e, bank statement with the listing address).My unsolicited advice, is to only consider doing STR or MTR if you are going to make it your ONE thing and do that.