When you go to rent your apartment and you cant find a solid tenant will see the challenges right away.3.

I can imagine this is a challenging decision to make.My thoughts:When hope is a key component of the plan of action, it is time to cut losses.

However, some challenges to consider are the additional paperwork, property inspections, and potential tenant turnover.

Challenge is where is their motivation to properly screen applicants and get rid of nonpayers?

I have two: one is my primary residence that I also use as an STR, and the other is a leased rental property that I manage remotely.Since I'm out of town, I'm finding it challenging to manage things like finding a reliable handyman and getting help with staging.

Challenges?

The power company supplied and installed the new meters (at no charge, at least not yet) and verified all the work around the 4 gang meter pan was done up to their standards.

The challenge for a PMC is having the time to answer all your HUNDREDS of questions and handholding you as you learn, while still making money.

Its been a wild ride though doing all this through massive inflation and supply chain issue and Covid..  

If you have this debt and need money, you may not be preparing yourself for the challenges of being a landlord.