Sticking your head in the sand and hoping we are doing the right thing is a surefire way to get sued or go bankrupt.

Not sure how a struggling or almost bankrupt company can afford to pay their CEO $10 million dollars.

Or, is it as if Washington Mutual went bankrupt and the leases went with them?

Or... you get the point.Oh, another risk is that retirement accounts are usually protected if you are sued or go bankrupt (I think).

I am doing real estate investing and services, government and small business consulting services, and personal finance educational services.I was told in 1999 by Ken Hiyashi (former Japanese billionaire who went bankrupt in the late 1980's when the Japanese were buying up American commercial real estate):"One you have made money and lost it, it's easy to make it again. 

In other words, if not for the fact that they used LLC's, they might be bankrupt or have lost other properties.  

I guess my biggest fear here is that if I ever need to sell the house for $700k, it’ll bankrupt me entirely. 

Thankfully your were able to carry the note during the period of vacancy but this deal had the potential to bankrupt you.Nice job.

The safety stuff is definitely not considered enough by owners and not only will cause more deaths/injuries, but also cost the owners in lawsuits- in some cases will bankrupt (or yield jail time + fees for) owners.It's interesting that you provided a photo and example of a STR fire/cowboy style hot tub.

I was flipping for 2 years, successful, profiting ever deal, before people finally stopped telling me I was going to go bankrupt and loose my shirt.