So I did a little research on the golf course.Turns out the developer held the title on the parcels and was in bankruptcy.

If I call him and find out, he just lost his job, and filed bankruptcy, then I know he is not a good prospect.

Digging deeper, I uncovered an eviction and a total of nine landlord tenant cases (none of which came up in my screening services eviction report BTW), a prior bankruptcy, and a prior foreclosure on a house that was inherited (just cashed out to get loan).Saying no is easy sometimes.

She declared bankruptcy and the mortgage was "dismissed" in January 2011.

People in good neighborhoods get into financial trouble and face foreclosure or bankruptcy, just like in poor neighborhoods.

FYI: if every deal you do breaks even or generated negative cash flow, you're done investing, going broke and headed for bankruptcy.  

Cons: (1) Stockton recently filed bankruptcy and could have future problems; (2) some high crime areas; (3) little in the way of strong local industries; (4) more dilapidated properties requiring increased maintenance costs; and (5) weaker tenant base.These are just a few thoughts, but I'm sure others with more experience could provide a better or more complete view.

Will a school insolvency or bankruptcy hurt or help real estate prices in Chicago? 

If you get sued and the court issues a judgment for more than your net worth, declare bankruptcy to make the judgment go away. 

Bankruptcies have increased too, with over 600 reported in the retail sector in 2017.