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

Hello all,

I am a new investor wanting to get rental properties in the Detroit market. During my research on finding properties, the news breaks that Detroit is filing for bankruptcy. I'm basically looking for advice...

Second one went bankrupt 3 years ago.

It would be a shame to see the OP take a bath or go bankrupt as a result of somebody like me not speaking up.  

Are you hoping for something super cheap so they take your money until there’s a flood and then they go bankrupt instead of paying?

Almost went bankrupt and learned a ton. 

There are many Title Insurance companies, the majority have been in business for decades (some perhaps a century) --- there is a reason they haven't gone bankrupt and out of business.

Then on one game, he went bankrupt almost immediately because the market cards he drew that night didn't go his way. 

What about investors who form LLC's and then Bankrupt them in order not to pay contractors . 

Can you imagine working for a company that has a little more than 500 employees and has the following statistics:*29 have been accused of spousal abuse *7 have been arrested for fraud *19 have been accused of writing bad checks *117 have directly or indirectly bankrupted at leased 2 businesses *3 have done time for assault *71 cannot get a credit card due to bad credit *14 have been arrested on drug-related charges *8 have been arrested for shoplifting *21 are currently defendants in lawsuits *84 have been arrested for drunk driving in the last yearCan you guess which organization this is?