If you have access to PACER or a BK court docket monitoring system, you can get a good idea of why the debtor's fell into BK and filed the Ch13. 

Apparently because the water company doesn't "officially" record the debt or put a lien on the property  the title company did not catch it and are saying they are not responsible.

Do you hate being in debt or are you ok with it?

People want to succeed but then have high debt or cost of living and say they cannot go full time.Maybe you could do another kind of work in commercial that pays similar to what you are doing now.

The person who is the good debtor will get dragged down by the bad debtor / deadbeat; when this is the case, the good person's credit report will have older years showing no derogatories but the occasional ding in more recent times, showing a gradual decline that can start to accelerate as more time passes.As a few other posts have noted, finding out their past history of paying rent is your best indicator; if they had trouble paying rent to past landlords, it can be expected to happen again.Lastly, I would add that you have to have a good understanding of debt to income (DTI) and how to calculate DTI and what a bad figure for DTI would be.

The lender holding the first either wants to hold the mezz. debt or retain the rights to approve the secondary mezz. debt provider.Now mezz. debt is a lot more expensive than a seller second for interest rate and points.

Hello!I'm wondering what would be the smartest thing to do with the 15k we have. We could either use it all to pay off some of our credit card debt to increase our credit scores and so that when do invest (we want to...

We have no debt or any other type of liability.

-the property is in an area where i wouldnt expect much growth or immediate appreciation. my husband feels considering cash flow is positive we should just go after it and start learning. i feel tying up all of our avbl funds in this deal could mean he might have to work for another 3-5 years til we build up funds for the next deal if we are just accruing cash flow)we have other means to get funds: HELOC, 401k loans, credit cards to pay for repairs - but i am not a fan of debt or loans so i’m really hesitant to go these routes.because i am trying to replace his w2 income as fast as we can, i feel the strategy is: if 1 property i need leverage (equity) OR i need to focus on multiple properties at a much lower purchase price (out of state or distressed) that get me more cash flow combined.thoughts on tying up funds in the one or the other strategy of more units for more cash flow?

Or if you are the type of person that doesn't like debt or worries about a recession than paying them off might make sense.