[tren-hard]

This whole story is written into a narrative to weep for landlords.

24 properties and can't pay mortgages, does she owe money on all 24 properties... or could she sell some of them she owns and reduce her debt load maybe?

> Many landlords operate on thin margins, typically 9 cents for every $1.

What kind of horseshit figure is this!? Someone tell me what they mean, do landlords have a 9% profit margin on a static piece of property and that isn't enough still?

> Many landlords aren’t any better off than their tenants and certainly aren’t rich enough to credibly pull off a bow tie, says Jan Lee, who manages two buildings in New York’s Chinatown that his family has owned for nearly a century.

Owns 2 properties in the most ridiculous real estate market in the US but doesn't make money, ok. Oh wait, it's that he can't pay property taxes this year, even though he hasn't had a mortgage for 70 years and is coming out of a 10 year bull run.

[cko]

There is a popular strategy known as 'BRRRR' where the investor uses capital from a refinance to buy another unit, and so on. It's a fast way to pick up and rehab lots of units.

In my opinion if you were to do this, you should sell a few properties here or there to have 6-12 months of cash reserves on each property.