We have done the following things to increase the cash flow - adding a laundry room, charging storage rent, installing energy-efficient lights and so on to cut the utility cost, renovating the unit in exchange of higher rent for the current resident.What else could I do to increase the NOI?

That doesn't cut it for me.

Should we sell and cut our losses?

Its not a deal breaker, just always looking for ways to cut costs and improve returns. 

That’s okay for a bit as you learn but eventuallyYou have to cut ties if it continues.

One thing I know that I will do is have the properties managed even though it will cut into my profit.

I heard you can really cut down on your living expenses which can go as little as 1k a month.

I know the property taxes can cut into our cash flow but with rentals being so expensive, it may be worth it.

What can you cut now to be able to save?

@George Broderick I have to agree with Nick... it's not cut and dry.