Agred, they have no special "survive a foreclosure" status.

Second, we have a large nest egg that if something went wrong we could survive on savings alone.

For duplexes Heights seems to be a better area unless you find a house within Harris county with no HOA and detached garage and that way you can build 1 bed 1 bath on top of garage (in law suit ) and rent that out.

I’ve seen more partnerships implode than those that survived, even fewer were successful.

The big reason I was denied is because I have an S corporation and do not pay myself much more than the bare minimum of what I need to survive.

The big reason I was denied is because I have an S corporation and do not pay myself much more than the bare minimum of what I need to survive.

@Don Harris thank you very much!  

You need reserves if you want to survive in this business.

I would think only the ones that have some strong cash savings or well connected people with investor backing would survive in this scenario...but for the guy that does not make a lot of money and just starting out....maybe the BRRRR method could be too risky?

Applicants surviving on tips or commissions do not qualify.