A bad deal could bankrupt you.

Honesty you just need to make sure they have -above a 650 credit score -no evictions, BK/ Bankrupts, or foreclosures-3x the income as the base rent -background check  Lastly get references of past landlords they have used and call them to get a feel of the tenant and make sure everybody who is living in the home over 18 is on the lease and does this.

Keep in mind, there are deca millionaires go bankrupt overnight because no matter how much asset they have, they cannot cover their debt payments with their cash on hand.

That could take a year or more and it's likely you would end up sued by the original seller and going bankrupt in the process. 

Should they go under it would leave me in precarious position trying to extract the same out of a bankrupted corp.

A house hack is like that beginner run—you’ll fall down a few times, and learn in the process (but you hopefully won’t get yourself killed) …on the other hand, flipping, BRRR'ing, wholesaling, and out-of-state investing are more like double black diamonds—they require a lot of experience, and a mistake could have dire consequences.The fact of the matter is: real estate is often a high-stakes endeavor, and the more advanced strategies (like BRRR'ing, wholesaling, flipping, out of state investing, etc.) can easily bankrupt a beginner when they're executed poorly.Now, having said all that, house hacking is not necessarily easy (if it were, everyone would do it!)...

Some highly leveraged mortgage funds /ETN is bankrupt.  

The best part of this is that if the tenants stop paying rent or you get into some serious issues with the house, it'll mostly all be affordable and you won't go bankrupt because everything there is ALOT cheaper than Toronto.

Pete area who was in the area with ab 15 properties who went bankrupt because the insurance rates spiked recently.  

China-  is going bankrupt.