Generally, when a debtor files for bankruptcy the automatic stay goes into effect, which is an injunction that enjoins pretty much every type of collection activity (look up that code section and read through the subsections).As a landlord, you even contacting the debtor-tenant with a bill or amount due or otherwise could easily be viewed as a violation of the automatic stay, which could expose you to liability (attorney fees, actual damages, punitive damages, emotional damages).

Hi Alon, while I do not own campus rentals at this time I have worked with and for many different owners of these types of investment properties. 

The type of property you buy is also important, as well as the cost. 

What type of investing do you plan on making your primary focus? 

Successful wholesalers begin to scale when they know their target areas and which type of sellers they are looking for ie.

Purchase price: $142,500 Cash invested: $15,000 fully occupied, needs some updating, new roof soon, figure out porch thats not being used and falling apart, would like to convert attic to a third unit studio What made you interested in investing in this type of deal?

Most of those types can be found at local investor clubs and then just being out in the community.

In terms of the formula, it depends on the neighborhood and property type, and yes, you can make it work.

Architect with around a decade of experience in the field, looking to start investing in fix/flip type of deals! 

Explore financing options, such as traditional mortgages, FHA loans, or other types of financing.