You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

But, these broad market studies are so large, they are almost meaningless, in the real world.Between glut of new supply in many "hot" markets coming online, a continually softening economic outlook, inflation over last couple years making day to day items feel cost prohibitive, many average renters are strapped and seeking lower cost housing.  

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

First when I wanted to create a fund to buy court house steps..

We bought the stair tops from Lowes and had them delivered to our house.

I have a rental house with 150K left on the mortgage, I have 200k in an after tax brokerage account invested in cash, stocks and bonds.

Focus on analyzing properties and starting small, like house hacking or buying a single-family home to rent out rooms, while ensuring cash flow and maintaining an emergency fund.

If you are willing to do the work, the landlord can often be the first point of contact with housing assistance.

Mike Lambert above is correct about house values in Japan.

The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.