Bankruptcy - It is theoretically possible that you may lose your interest but you should no lose principal if you get paid via the bankruptcy.

I heard bankruptcy laws recently changed... i'm not sure. 

It seems like you might be removing a paying customer simply due to a bankruptcy.

In addition to this, my income could not be considered because of a personal bankruptcy filed within the last year.

A "title search"  may not include IRS lien, Bankruptcy, death estate searches etc.

Then I paid $25 to some online background check agency to find out if the owner had any other liens/bankruptcies/judgments against them and also got their contact info from there.

Have you looked into Free leads, like Foreclosure sales, Bankruptcy Filings, Divorce Filings, these are all places you can find leads for free by doing a little work yourself.If you want to fix and flip or buy and hold any properties, we can fund up to 90% of the purchase price, and our rental rates start at 5.3%.Hope this helps.

You can't declare them not to code when they are compliant when they were built.

Well the only way to get a law deemed illegal is to have the Supreme Court to declare it so.

MBD is now in chapter 7 bankruptcy with at least $18M of investor money missing.