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.

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)?

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.

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.

Without a doubt many people are still crushing it because they have a strong network and build great systems over time doing the same thing over and over again aka FOCUS!

If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.