Choosing to not be a landlord isn't that easy.T
The proof of the pudding is in the eating. When we hear landlords complain about hard done-by they are, it's important to remember something: they choose to keep being landlords. .
In this case, properties are distressed due to many
tenants in arrears. This lowers the value, which
could be even less than loan amounts. This happened
to many homeowners during the recent depression, ie,
people became trapped...unable to sell & move to where
jobs were.
In tough times, it's particularly difficult to raise money
necessary to pay for the difference & the hefty real estate
transfer costs. So it's often better to weather the storm.