@Shaylynn O'LearyI think I may have posted this in response to you in another thread a while back, but here goes again.If you pick a random "low cost" market like the ones you named, don't know anyone there, don't set up a network, buy random properties, and turn them over to people you've never met to manage, you will most likely lose money. 

And what you've also seen is people that were renting 3 bedroom cabins are now deciding they can get by with the smaller one and two bedroom cabins. 

I am not a bankruptcy expert, but isn't that procedure used to release people from existing debt but not monthly expenses.  

For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.

You Get Team ExperienceIf you’re taking part in a deal, that means other people are, too—whether it’s partners, syndicators, or investors.🏗️ Being part of a real estate team is one of the most valuable skills you can develop.

Remember, people only think of lies on the surface level, if you ask a few specific questions about their process you can see if they're BSing you or not.

I would not get advice on this from people here also realize a LLC in California has some really hefty fees per year so something to consider 

If times get financially difficult will people stop eating or will they stop going to the doctor (unless its an emergency)?

When I go to events like this, I do go to some of the sessions, but most of my time is just sitting in the lobby chatting with people. 

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.