Smaller impact to landlords, some go bankrupt, but most just struggle through.   

@Rhonda McDaniel the reason student loans are not bankrupt-able is because they are federally backstopped by Sallie Mae & Freddie Mac.

The claim was due to a securities offering on CrowdStreet by an issuer that eventually went bankrupt.

If you go the route you are suggesting I predict you will either find nothing to buy (if you look in decent areas) or, worse, will end up buying crack houses in war zones that will bankrupt you.

All comes to your credit score, people with a high score could get off anything, even get their loan refinanced, or can get low rates but people with low scores could only get bankrupt. 

Virtually no bank will give a real estate loan to a LLC and if your $50,000 is 30% of a down payment you then that comes out to a $171,000 multi-unit property that has to include the loan fees, closing costs and most banks make you prove that you have reserve cash in a bank account when the property closes escrow.You will need to get really lucky to find a multi-unit property, or even a duplex with only $50,000 and if you purchase a property that is beyond the distance where you can be hands-on and you have to hire a management company, the chances are you will go bankrupt before you see one penny of profit.No beginner in real estate should do long-distance investing.

If the tenant company goes bankrupt there could be significant time and expenses to remodel and release.

It is also a great way to go bankrupt, lose everything and be forced to work like a dog until the day you die trying to get out from underneath your mistakes.

Ask anyone who invested in PeerStreet, or any of the other bankrupt Fintech lenders – and counting, how it worked out for them.

They can fall in love with the property, you can't (unless you want to go bankrupt).