Managing rentals isn’t for everyone, especially after dealing with bad tenants, challenging property managers, and increasing costs.

I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.

How bad is this going to continue to hold back the CRE market?

It is a BAD loan for most people.  

We have tried multiple local collection agencies, and we have not received a penny for over a hundred thousand dollars of bad debt submitted to them.We keep hearing, "It takes time" but it's been well over a year with the most recent one.

Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong.  

Open ended contracts, particularly verbal ones, usually end badly.

Bad tenants and squatters are wholly different situations.

Others may argue that higher rates are bad as it drives up their borrowing costs. 

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place.