If the deal collapses and I would lose everything, I'm out.

That's probably true, but most of the area has still not entirely recovered from the Great Recession--only recently have home prices in most begun to approach 2005 levels, and those prices are still way off from 2007/right before the collapse.

If the US dollar collapses, the value of that mortgage ON PAPER is going to drop like a rock.

I know, I know - I'm insane for thinking that the economy is a ponzi scheme and could (will) collapse.

I have always been interested in real estate, but graduated college in the middle of the collapse of the housing market.

Historical PricesSource: https://www.financialsamurai.com/are-you-a-real-mi...We had the dot-com bubble in the late 90's, followed by the housing crisis (collapse) of 2008, and in my opinion the dollar is the next bubble, see Forbes article below:https://www.forbes.com/sites/kenrapoza/2015/01/26/...The reason that I do not touch equity to purchase additional property is that I have already used leverage in the first place, and pulling on equity to get 2x leverage would essentially put me farther back from my ultimate goal of paying off the mortgages entirely to realize the full rents as passive income within 15-20 years.  

Prices are through the roof and I expect them to go up more when the city fully reopens from the lockdown.I would advise anyone to buy now because prices aren’t going to go down unless there is a massive economic collapse.

The great depression then the housing collapse from a decade ago. 

I think only one bank account could be construed as comingling and will likely cause the liability protection to collapse, especially if the cells are all owned by the "parent."

If any of the larger names collapse, will the government response prevent large impacts on the real estate market?