I fear that I will get scared off by this and end up not pursuing law or something else and end up being something of a financial loser my whole life.

They ran into some financial difficulties and filed bankruptcy.

This is a red flag to me and tells me that one: they lack funds, and 2: if a financial problem occurs, they do not have the means to pay me my rent.This is simple a good policy and helps/not eliminates the problem of a poor tenant.

I now try to look for financial or credit partners to get more deals done and also I have been investing in apartment buildings to build more cash flow.

Plus there are additional details with the financial math, which is why I am here.

If they pass your criteria and the deal makes financial sense, do the deal.Scenario 2...a) Find a great property without tenants.

All under the guise of "helping homeowners" or "bolstering the financial system" but in reality its just a sickening good ol' boy network between big banks/brokers and their "regulators".

It's your money and you have no obligation to leave it to your kids.Now here is my perspective:My family, including my grandparents, my parents and my siblings, have always acted as a team in all matters, including financial.

Your seller sounds cooperative, and very well should let you review the financial data to make sure his expenses are accurate.

This might seem very unconventional, and this is totally just my own opinion, but maybe you should just take a look at what the most is you are going to get out it financially after lawyers, and decide if this is really worth the emotional drain and continued hurt.