After I had the heart not to boot out a tenant who couldn't walk during the holiday season, he proceeded to go bankrupt and drag it out forever.Needless to say, this tenant was a master class in both bankruptcy and running your real estate business like a business.My point is simply this: enforce the lease and its terms to the letter.  

Paying down a mortgage does not add any positive cash flow to your bottom line.More than just tightening up you need to re-evaluate your entire business plan before you go bankrupt.

Lol....In all seriousness, I can't imagine there aren't any positive cash flowing properties in your area otherwise all owners would be bankrupt.

Bankrupt or not 95% of the people come to the office and pay to get the charges dropped . 

Usually what happens in cases like this is the companies go bankrupt.

This exact plan nearly bankrupt me a few years back when the "TBD" quickly outpaced my "COH" (cash on hand). 

Our country would go bankrupt overnight!

The more things you're trying to do yourself as a noob, the more you open yourself up to risk and can just straight up go bankrupt (ie you do your own due dilligence and mess up big time on something structural and a buy and hold collapses on your tenants)The more you dabble in --you'll also learn a **** ton and be able to wear many hats....The less experience you have I'm sure you'll outsource, but at some point you'll say-- hey I can do that (and save a few hundred here or a few thousand there)    Then there's Legal aspects, contracts etc.  

Hopefully the people who bought in 2020-2023 get wiped out and liquidated quickly and builders can go bankrupt and then we can get the market back to normalcy quickly.

Honestly, it is sometimes better to pay money to walk away from the house, than to let it bankrupt you.