Normally subdivisions go bankrupt going into a downturn.  

It was a lot to consider at the time with my limited income .She knew it would be very grueling managing a full time demanding job ,a family ,and maintaining her grades in a very challenging major .we also knew if she couldn’t cut it or pass the dissertation we would still be on the hook for the school loans and not only would she flunk out but we’d go bankrupt paying that massive loan without the new higher income to back it up .

If you gave a PG who also have to wonder if this will make you personally bankrupt cause well you don’t really have $1MM in personal assets so you are fairly motivated to sell before it drops even further. 

That you have enough cash reserves/access to cash that a roof replacement or a heating system or 6 months of vacancy doesn't bankrupt you.

I just don't see there being enuff to pay for all the bankrupt and new programs.Rich

There will be huge losers in his situation as large ACOs will fold and go bankrupt.

NOTE: One big risk is the seller going bankrupt so you have to assess their over all position to your satisfaction first.

And only one person asked me this question : Pavel, I don't need to know how much you make, I want to know how much you could save and back then I was only able to save $200-$300/month.I don't care how much top 1% makes if they spend it all, file foreclosures and become bankrupt after their ''Hollywood or Sport carrier is over''.

There is a property that really caught my eye last week. I found the owner in property records, Googled him, and found:
1. His phone number
2. A 2014 civil judgment against him with punitive damages in the six-figure...

If your personal finances are not cleaned up, you are risking bankruptcy by investing in real estate (student loans are not bankrupt-able either).