So if one person doesn't person does not pay their taxes, it would not be a huge deal to split it amongst everyone, but I could see it spiraling out of control if more people neglected their tax contributions.

Now , anyone want to chat about the downward spiral in the article stats?

This insulates you from the possibility of a continuing spiral downwards in RE prices.

Simple inflation 2. dollar collapse within the next 90 days and spiral into hyper inflation 3.

If the improvements are cheaper and what you find in a rental you might have to put a bunch into the property to sell it diminishing your returns or reduce your price substantially.The number one problem I see hands down is putting the wrong tenant in and not setting up the lease correctly.I am amazed by some landlords on how they qualify tenants and run there business.They don't qualify tenants and then the property gets run down and rather than fix it up again the landlord puts lipstick on it and reduces rent some to get another shady tenant in and they are out in a few months.Your property then starts to cycle down in condition and tenant quality in a spiral.

@Anita Anand hi Anita, I had been thinking of buying an investment property for a whole year but been in the spiral of " what if things go wrong?".

Wow that was a quick spiral...

Might be time to "Blacklist" that area and let "Nature take it course" as it has done in the past in other areas.This seems like it will devolve the area for investment attractiveness, which will probably drive the property values down to what the local's who live in the properties can afford for themselves to live in, leaving a certain amount of homes and areas as a wasteland of non-kept-up run-down dumpy homes filled with violent residents (further increasing it's spiral downward into a slum).Nothing special about that area. 

At $1,500 a month, that is $18,000/year, so if I even got the loan, if all hell broke loose and all the renters flaked and I couldn't sell the house, things could very easily go spiraling into financial hell. 

Struggling Tenants go into downward spirals of later and later payments each month until they finally can't catch up, and have to be evicted.