Most of my tenants have been bankrupt or foreclosed on.  

You still have to cash flow or you will go bankrupt and be forced to sell.

This thread is so old that the original players could all be bankrupt by now.

What I have heard happens sometimes, and again I haven't experienced this, is that after a buyer is found the developer/builder goes bankrupt and therefore your rent is no longer guaranteed. 

    Loading up on credit cards was something an investor who went bankrupt recommended  to me. 

We also knew this same GC had gone bankrupt in the last business he had.

Those costs are such that if he were to get tied up with only mentoring (because of his good reputatuion) then he would no longer have the time to make his money that enables him to mentor.Those costs alone with no money comming in from what he was doing or the mentoree will bankrupt him in no time.But that is not an endorsement to the Guru's to mentor and charge for their services!

If you do a little research you will find that several past "gurus" went through bankrupt after their "system" stopped selling (I will find an article I read about this).

There is no easy way to keep rents at market and poor tenant management can easily bankrupt a investor.

I understand what you are saying and the numbers do appreciate and if you can accept that if your numbers bottom out your bankrupt then go ahead.