I thought to myself " landlords will have to file bankruptcy".

We will market to Notice of Defaults Pre-foreclosures (NODs), For sale by owners (FSBO), For Rent By Owners (FRBO), Expired Listings, Free and Clear, Center of influence, Probate, Divorces, Bankruptcy and vacant land in need of repair.We will obtain these leads by searching public records for Milwaukee County, as well as from our relationships that we’ve created through our networking amongst other Real Estate Investors and professionals.

In 9/2013 he filed Bankruptcy,  the mortgage and my note were discharge. 

Oh yes..and I have a gift for the OCWEN rep who doesn't like her name mentioned (Natalie)..CHAPTER 13 BANKRUPTCY.

Congrats, on both of those deals and, more importantly, on staying persistent to find your niche.Lots of misinformation on this thread.Andrey is not pitching anything or lyingHe is not expecting 30% IRR on every opportunityFinding and vetting trustworthy sponsors is not as hard as non-syndication investors thinkPerforming diligence on sponsors takes years, not hours or daysMany sophisticated LPs perform extensive diligence on sponsors and opportunities that is not discussed on BP (TLO reports on history of crime, bankruptcies, collections, credit, businesses owned, personal residence owned, employment, family members (including phone numbers), even traffic violations...the list goes on)Many LPs leverage sites like Ian's, 506 group, in-person conferences, and one another to analyze opportunities and sponsors together (it's a lot more sophisticated that the "what do you think about XYZ" posts on BP)There are tons of sponsors and opportunities that don't use short-term, bridge financing or max leverageMost are using 5-12 year debt, with inception LTVs in the 70s and year 2-3 LTVs in the 60s (and carry high reserves on top of that)The opportunities discussed on BP are only a small fraction of what's available in the marketPrudent syndication investing is just like anything else in life...it takes diligence and time. 

I got very close to delinquency and filing for bankruptcy until one of the cards referred me to a Debt Management program that made arrangements for my to repay... and now I will spend the next 4 years on a suffocating budget spending every last available penny to repay this massive debt. 

I spoke with his realtor and it looks like he had two mortgages before filing bankruptcy.

I filed chapter 7 bankruptcy in 2015 and didn’t reaffirm the mortgage.

They allege service which was never actually made, don't do a skip-trace on all heirs of estates (there are often estates involved in tax-sales), don't run a bankruptcy check, or attempt to comply with California service/title/foreclosure guidelines rather than Georgia.  

The most important thing is to take action right away and be consistent with your marketing message and frequency.Website and Online MarketingDirect MailDriving for DollarsPounding the Pavement (door knocking, yellow letters, call me post-its)Check Public Records (Tax, Probate, Bankruptcy, Divorce)CraigslistNetwork with REI, agents, brokers, inspectors