Another found out the property manager company filed bankruptcy never returned the deposit.

Attend local BNI's and chamber mixers to meet other professionals in the area who might align well with you to send you leads...example: home health nurses, estate planning professionals, probabe attorneys, divorce or bankruptcy attorneys, realtors, property management companies, ...you get the picture :-)Best of luck! 

If just one store then they might can do a remote  bankruptcy of the entity and without affecting themselves and screwing the landlord.Ideally with small mom and pop tenants you want them on the hook for everything.

How do you settle the debts owed on a property you purchased from a motivated seller who is behind on his mortgage payments and is facing foreclosure or bankruptcy ?

Be aware, PR is near bankruptcy and economics may change drastically.

Credit score = 700+Bankruptcies = noneForeclosures = noneNet worth > loanLiquidity = 9-12 months of debt service coverageLeverage on all real estate < 75%some REI experience (or you have a great balance sheet or low LTV)These will vary by lender and loan size.

I am mostly looking at the providers that charge a monthly fee (ie subscription basis), but you can pull lists in an assortment of ways from various TYPES of categories such as 'Bankruptcy/NOD and PreForeclosure/Absentee Owner/Tax Delinquent/Probate and more. 

You wouldn't know it, though -- few banks actually offer the program.To purchase and finance a home through Fannie Mae with more than 4 existing financed properties, investors must meet all of the following criteria:Own between 5-10 residential properties with financing attachedMake a 25 percent downpayment on the property; 30 percent for 2-4 unitMinimum credit score of 720No mortgage lates within the last 12 months on any mortgageNo bankruptcies or foreclosures in the last 7 years2 years of tax returns showing rental income from all rental properties6 months of PITI reserves on each of the financed propertiesFor refinances, loan-to-value is capped at 70% for all property types

These tenant types have had credit issues (defaulted student loans, bankruptcy, foreclosure, short sale, medical collections) that have plummeted their scores below 600 and shut them out of nicer properties. 

That helps quite a bit.The other thread was just a question of how a homeowner filing bankruptcy affects the foreclosure process.