., pensions/entitlements) coming up, and let's not forget that Central Falls did declare bankruptcy in the last financial crisis.

for example, without filing for bankruptcy can the process take 2-3 years in Texas?

My present tenant had a previous bankruptcy and divorce but he has a very good job with verizon and pays on time, he renewed his lease with a slight bump up in rent.

For example pre-foreclosure leads have been around for a long time as foreclosure is an indicator that the property will soon be for sale.Vacant property leads indicate that the owner has already left the property.A newish source is HOA liens which is an indicator that there is a financial issue associated with the property.Unpaid property taxes are a similar source.Bankruptcy records are an interesting lead source as you can see when properties may be losing bankruptcy protection.Several "I buy your house for cash" sites sell leads.There are several others sources but that gives you an idea.So basically you are putting a marketing plan in place and contacting owners at the opportune time.

Bankruptcy followed.

Is this the suggested offer for a bankruptcy? 

If the seller files for bankruptcy for some reason, you have to hire a lawyer to protect your rights. 

Notice of default (foreclosure).. constantly stay in their ear , from start to finish.6. discharged/dismissed bankruptcy cases (get from pacer)7.Tax lien sale- published in legal news papers when auctions come up8.

ALWAYS have a plan b and plan c and I always have a plan d and e... and make sure non of your plans are to file for bankruptcy lol. 

If there is equity in the property, more likely than not the borrowers will file bankruptcy.