Stuff happens that your not prepared for when investing in Real Estate and not having EF funds can bring you to bankruptcy. 

I've seen my dad nailed by bankruptcy, and it pretty much did him in.

Marketing to bankruptcy lawyers and estate lawyers will help a lot even pre foreclosure list.

I intend to do credit report, criminal records check, employment history, eviction records, bankruptcies and past address history. 

Also says that Sister 2 filed for bankruptcy (uh -oh!)

Stephanie, I'm holding an 18 month loan because I have a bankruptcy on my credit due to a business loss.

In that 5 years time, I went through a bankruptcy-which means I can walk away from the house or short sell with little damage to my already poor credit.

Do you all consider tenants with bankruptcy or should I totally avoid them?

If they had to file bankruptcy the company's, the workers, and the UAW would have all been forced into the cold hard reality of restructuring into a business model that actually works in todays market.

A side benefit of keeping the finds in an IRA (or SOLO401K etc) are that they are protected in most lawsuits and bankruptcies.