My landlord owns around 10 properties in SD and Vegas. A few years ago she was adament about never selling any of them, blah blah blah. It’s easy to say that when they’re all appriciating. Lately when I talk to her she seems really down, almost depressed and has mentioned wanting to sell some of them. I suspect she is highly leveraged and used equity from his first ones to buy the rest, and now realizes her equity is disappering rapidly.