Its a short term investment or you are going to end up bankrupt with a lot of assets for your creditors to sell.

Just remember how Dave Ramsey went bankrupt.  

It's a good way to go bankrupt and have a really large tax bill.

Secerity deposits are to be kept in separate accounts - they usually have one large trust account for the company - if they go bankrupt those funds are passed out to creditors.

Not something I would advise, but where I was at, and my mindset was, in my 20s and when its just me, worse case is I go bankrupt and loose everything.

Both Chicago and Illinois are losing population and are both beyond bankrupt, with tenant friendly laws.

I was curious to ask what percentage of these buyers do you think with either go bankrupt or lose the homes within 3 years?

Usually it is morally bankrupt people who have good income with terrible credit.Just my 2 cents based on my experience.

I almost went bankrupt my first year investing due to contractor fraud and literally had to move into one of my flips and watch YouTube videos to finish it myself to generate enough money to finish the next project and so on. 

I have seen a lotta good guys go bankrupt in this biz ownig rentals.