So if you go bankrupt, guess what loans are still there there - student loans. 

hell yes...... but you can also go bankrupt real fastIf its negative $400 cash flows now, the rent is going to have to go up a TON to truly cash flow positive once you factor ALL you expenses for CapX, maintenance etcExit strategy..... don't forget all you closing costs if you try and bail sooner rather than laterYou are making some BIG assumptions to rationalize this deal....that's a big red flag that unless you got deep pockets, this is not a deal for you

Septic alone can bankrupt you. 

My guess is your business would be bankrupt in a short period of time, your credit would be wrecked, and your reputation ruined.  

I am not paying a single Penney towards that nightmare at all and willing to go bankrupt and destroy my credit 3.

What if one goes bankrupt?

What I am going to tell you is something I wish someone would have told me when I found myself in a huge downward spiral and losing money at an alarming rate that I almost went bankrupt.

Another where the HOA went bankrupt and the add'l HOA assessments were $10K/yr. 

@Cameron Riley fair housing law violations and law suits can bankrupt you.

i want to know if i can wholesale foreclosure or bankrupt houses.