My crystal ball sees bankruptcy attorneys rubbing their hands with glee.

Law students also can't get into trouble with the law or get evictions or bankruptcies, etc., in order to be accepted by the bar.You can actually do really well in the summers, if there are summer internships that students want to come to do over the summer. 

This doesn't take into account the possibility of completely losing the initial investment, and then the possibility of any repercussions of that such as bankruptcy, etc.Maybe I read you completely wrong, but if I understood you correctly, I completely disagree with your thinking. 

Most of the OTC liens are picked over properties that either are not worth the amount of taxes you'll pay plus foreclosure costs, or they have issues like tied up in bankruptcy, EPA issues, small strip of land or landlocked.

I had PM file for eviction, tenant filed for bankruptcy which put a stay on eviction.

I have also seen many 600+ credit scores that have just come out of bankruptcy.

If these guys happen to be a bankruptcy about to happen, they can even get judgments wiped out with a BK. 

So far, I have:Application incompleteApplication contains false informationDelinquent rentDelinquent credit obligationsInsufficient credit fileInsufficient credit referencesInsufficient employment recordInsufficient landlord detailsInsufficient referencesTemporary or irregular employmentInsufficient rental historyInsufficient income for amount of credit requestedNo credit fileNo employment recordNo rental historyRecord of evictionsRecord of bankruptcy, foreclosure, or repossessionRecord of excessive or overdue debts and obligationsTemporary residenceLow credit scoreUnable to verify credit referencesUnable to verify employmentUnable to verify incomeUnable to verify rental historyNegative report from previous landlordNegative report from employerOwner chose another applicantOther: _____________________I feel that the more reasons I have, the better off I'll be; however, I could significantly cut this list down by combining two items into one.

I know folks that leveraged their money in real estate between 2004 and 2007 and have had to file bankruptcies after that.

They may just already be prepared for their credit to be trashed and to file bankruptcy - after they have lived in it as long as they can while it's in foreclosure.