Further, there is federal bankruptcy court and ways to transfer interest.

Tenant's previous rental was ok, but she did file bankruptcy 4 years ago and that was my biggest mistake to lease it to her.

He is in bankruptcy today.I was asked to get involved when a major player bought a 650 site community only to discover that all of the homes were being rented to the occupants rather than owned by the occupants.

California has a huge number of cities now in the process or ready to file bankruptcy.

With that said, once things went south we dug a little deeper and the records had revealed the tenant had filed for bankruptcy 1 year prior and had several aliases.

You need to become a serious student of investing, and study your market like your life depended on it, or you can become a bankruptcy court statistic.

I recall the one looker who reeked of alcohol on his breath - don't light a match near him I thought; when his application came back there were 9 landlord tenant cases, and a foreclosure, and a bankruptcy ...Then there was the one who I handed in writing the criteria where my criminal requirements state no unadjudicated cases - and I specifically asked them to read and confirm that wouldn't be a problem.

They said to take that or she'd declare bankruptcy and I'd get nothing.

Rolling it into a mortgage is a path to bankruptcy.

So only problem here is a ton of bad debt and very low credit score (no bankruptcy or anything).Woman #2- has better credit 600+ but does not make 3X's rent alone.Woman #3 evictions and traffic criminal will be occupant but not on lease.